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LONDON, Nov 28 (Reuters) - China's imports of refined copper have quietly accelerated over recent months, taking volumes to a year-to-date high in October. China's appetite for imported copper is not confined to refined metal. It is also absorbing record amounts of copper concentrates and imports of recyclable metal are running at the fastest pace since 2018. China's trade in refined copperIMPORT STRENGTHChina imported 353,000 metric tons of refined copper in October, which was the highest monthly volume this year. Shanghai Futures Exchange copper stocks, bonded stocks and Yangshan premiumBOOMING OUTPUT, LOW STOCKSHigher raw materials imports this year have allowed China's smelters to ramp up run rates.

Persons: Barbara Lewis Organizations: Democratic, Shanghai Futures Exchange, Shanghai Metal, Stocks, International Energy Exchange, Citi, Reuters, Thomson Locations: Democratic Republic of Congo, China, Congo, Beijing, Shanghai

A company logo of Shanghai Futures Exchange is displayed at a booth during LME Week Asia in Hong Kong, China June 14, 2016. REUTERS/Bobby Yip Acquire Licensing RightsBEIJING/LONDON, Sept 13 (Reuters) - The Shanghai Futures Exchange (ShFE) is looking into the possible launch of nickel futures for international use, a potential challenge to the London Metal Exchange's (LME) contract, five sources with knowledge of the matter told Reuters. Average daily LME nickel volumes plunged because of the crisis. CME Group (CME.O) is also looking to launch a nickel contract that would settle against prices gathered from a platform to be launched by British-based Global Commodities Holdings (GCH). CME did not respond to a request for an update on its plans for a nickel contract.

Persons: Bobby Yip, ShFE, Nickel, GCH, Pratima Desai, Siyi Liu, Julian Luk, Veronica Brown, Alexander Smith Organizations: Shanghai Futures, REUTERS, Rights, Shanghai Futures Exchange, London, Reuters, International Energy Exchange, CME, Global Commodities Holdings, Thomson Locations: Asia, Hong Kong, China, Rights BEIJING, LONDON, British, Singapore, Abaxx

Lead market dynamics are currently tepid at best due to weakness in the automotive sector, which accounts for around 70% of total demand in the form of lead-acid batteries. But some of that surplus would be very welcome right now in Shanghai, since the local market is in the grips of a vicious short squeeze. ShFE price, stocks and market open interestBIG SHORTThis Shanghai lead squeeze has been building for a couple of months. ShFE time-spreads were already tightening up in July against a backdrop of low exchange stocks and rising open interest. After exporting surplus metal for two years, the Chinese market seems to be struggling to find enough to deliver into the Shanghai squeeze.

Persons: Darren Whiteside, that's, Emelia Sithole Organizations: REUTERS, Shanghai Futures Exchange, London Metal Exchange, Reuters, Thomson Locations: Bogor, Jakarta, Indonesia, Shanghai, China, Taiwan, Vietnam, Bangladesh, London

LONDON, June 27 (Reuters) - There's a renewed scramble for copper sitting in London Metal Exchange (LME) warehouses. Headline LME copper stocks have slid from 100,100 tonnes to 77,050 over the last three weeks despite almost 30,000 tonnes of arrivals. The drain on LME copper stocks is puzzling given weakening manufacturing activity in both Europe and the United States. It wouldn't be the first time that the LME stocks signal has been refracted, and the lower the stocks, the easier it is to bend the light. The Shanghai exchange has experienced tightness across the front part of the curve since March, with time-spreads now also the widest since November.

Persons: Boliden's, Copper, Jan Harvey Organizations: London Metal Exchange, LME, U.S ., CME, Shanghai Futures Exchange, Shanghai Futures, ShFE's, International Energy Exchange, Shanghai Metal, Reuters, Thomson Locations: Europe, United States, U.S, London, ShFE, INE, Shanghai, China, Asia

China's refined copper imports and exportsIMPORT SLUMPChina imported 408,174 tonnes of copper in March, down by 19% year-on-year and the lowest monthly intake since October. The preliminary customs report aggregates arrivals of refined metal, anode, alloy and semi-manufactured products. The country also imported 1.8 million tonnes of recyclable materials, the largest amount since 2018, and a record 25.3 million tonnes of mined concentrates. National refined copper output rose by 11% year-on-year in January-February, according to the country's official statistics body. So far this year it seems to have lost its appetite for more refined copper.

☆ Exclusive: CME to launch nickel contract using prices from new platform -sources
▼ + stars: | 2023-02-22 | by ( Pratima Desai | ) www.reuters.com time to read: +3 min

CME want a nickel contract, they are planning to base it on traded prices on GCH's physical platform," one of the sources with direct knowledge of the matter said. In response to a request for comment, CME said: "We cannot comment on whether we are developing any particular product." Nickel industry sources said illiquidity meant LME nickel prices often did not represent the fundamentals of the market. "There aren't really any alternatives to the LME contract at the moment and the market needs a liquid contract. Using ShFE's nickel contract is difficult for non-Chinese firms as they need to be affiliated with a local entity and because it is priced in yuan.

LONDON, Nov 17 (Reuters) - London Metal Exchange (LME) nickel trading has turned wild again this week. LME and ShFE nickel contracts price and volumeVOLATILITY TRAPThe fund exodus after March has left a liquidity vacuum and a self-reinforcing volatility trap in the nickel market. ("A financially constrained physical market", April 3, 2022)LME nickel trading volumes have fallen steeply since March. Year-to-date nickel volumes are 24% below last year's equivalent period, the scale of decline flattered by strong trading activity in January and February. But until inventory and volumes rebuild, time-spread turbulence and perma-backwardation are becoming the new normal in the Shanghai market.

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