Epstein Secrets

From: Sent: Wednesday, February 25, 2015 2:17 AM To: [email protected]* Cc: Vahe Stepanian; Ariane Dwyer; Subject: Fw: EOD Commodities Note - 24 Feb Classification: Public Daniel Sabba Oil vols lower and index is up 0.76% to 238.6746.

ice is seen to be the big driver in keeping capacity shuttered rather than aluminum prices. Shanghai Aluminum on warrant stocks are flat at 80 kMT. LME Aluminum on warrant stocks are up 0.43% to 1686.7 kMT Shanghai Copper on warrant stocks are flat at 53.2 kMT. LME Copper stocks are flat at 263.3 kMT. LME Ni

From: Daniel Sabba Sent: Wednesday, April 1, 2015 10:35 PM To: Jeffrey Epstein Cc: Vahe Stepanian; Ariane Dwyer Subject: FW: EOD Commodities Note - 1 Apr From: Prateek Jain Sent: Wednesday, April 01, 2015 4:03 PM Subject: EOD Commodities Note

Long open interest in nickel has however dropped this week on a sustained bearish market. Shanghai Aluminum on warrant stocks are flat at 108.= kMT. LME Aluminum on warrant stocks are flat at 1888 kMT Shanghai C=pper on warrant stocks are up 1.6% to 88.3 kMT. LME Copper stocks ar= down 0.53% to 251 kMT. LME

From: Daniel Sabba Sent: Thursday, March 12, 2015 1:39 AM To: [email protected]* Cc: Vahe Stepanian; Ariane Dwyer Subject: Fw: EOD Commodities Note - 11 Mar Classification: Public Lower oil vols From: Prateek Jain Sent: Wednesday, March 11, 20

y 2017 have received $1.4bn in investment with 6 due to start by the end of the year. Shanghai Aluminum on warrant stocks are up 5.56% to 92.9 kMT. LME Aluminum on warrant stocks are up 0.46% to 1774 kMT Shanghai Copper on warrant stocks are up 3.13% to 71.3 kMT. LME Copper stocks are up 0.90% to 281 kMT. L

From: Daniel Sabba Sent: Wednesday, February 18, 2015 4:44 AM To: [email protected]' Cc: Vahe Stepanian Subject: Fw: EOD Commodities Note - 17 Feb [C] Classification: Confidential Trading commentary. Implied vols lower. From: Prateek Jain Sent: Tu

n tin smelters have imposed an export quota but this has been largely ignored by the market Shanghai Aluminum on warrant stocks are flat at 80 kMT. LME Aluminum on warrant stocks are flat at 1720.9 Shanghai Copper on warrant stocks are flat at 53.2 kMT. LME Copper stocks are down 0.19% to 261.3 kMT. LME Nick

From: Sent: To: Cc: Subject: Classification: Confidential Daniel Sabba < Tuesday, March 10, 2015 8:58 PM [email protected]* Vahe Stepanian; Ariane Dwyer; FW: EOD Commodities Note - 1 ar Prateek Jain Sent: Tuesday, March 10, 2015 4:57 PM Subject: EOD Commodities Note - 10 Mar OIL B

ering to -$2300 in Q2 as a glo=al deficit that is expected to last until 2017 kicks in. Shanghai Aluminum on warrant stocks are up 1.44% to =8 kMT. LME Aluminum on warrant stocks are up 0.49% to 1766 kMT Shang=ai Copper on warrant stocks are up 2.44% to 69 kMT. LME Copper stocks are =p 1.27% to 279 kMT. LME

From: Daniel Sabba Sent: Thursday, February 5, 2015 3:28 AM To: [email protected]* Cc: Vahe Stepanian Subject: Fw: EOD Commodities Note - 4 Feb Classification: Public See below. Crude down 8%. This level of realized vol continues to be negative to

led plants to service regardless of the price. China however continues to add capacity. Shanghai Aluminum on warrant stocks are up 0.12% to 55 kMT. LME Aluminum on warrant stocks are flat at 1731.6 kMT. Shanghai Copper on warrant stocks are up 0.52% to 38.3 kMT. LME Copper stocks are up 0.92% to 229.3 kMT. L

From: Daniel Sabba <alb Sent: Tuesday, February 3, 2015 2:50 AM To: jeffrey E. Cc: Vahe Stepanian Subject: FW: EOD Commodities Note - 2 Feb [C) Classification: Confidential Crude trading update.a:p> Prateek Jain Sent: Monday, February 02, 20

a deficit in 2015 as ore stockpiles in China run o=t towards the middle of the year Shanghai Aluminum on warrant stocks are down 1=12% to 54.8 kMT. LME Aluminum on warrant stocks are flat at 1731.6 kMT. Sh=nghai Copper on warrant stocks are down 0.26% to 37.6 kMT. LME Copper stoc=s are up 0.86% to 226.9 kMT

From: Daniel Sabba Sent: Tuesday, March 31, 2015 8:07 PM To: jeffrey E. Cc: Vahe Stepanian; Ariane Dwyer Subject: FW: EOD Commodities Note - 31 Mar Prateek Jain Sent: Tuesday, March 31, 2015 4:06 PM Subject: EOD Commodities Note - 31 M

luminia output by 20% to 650kMT/year as its first plant reaches full capacity this=month. Shanghai Aluminum on warrant stocks are flat at 108.= kMT. LME Aluminum on warrant stocks are flat at 1888 kMT Shang=ai Copper on warrant stocks are flat at 86.7 kMT. LME Copper stocks =re up 0.11% to 252 kMT. LME Nickel

From: Sent: To: CC: Subject: Daniel Sabba 3/31/2015 8:06:56 PM jeffrey E. [[email protected]] Vahe Stepanian FW: EOD Commodities Note - 31 Mar Importance: High Ariane Dwyer From: Prateek Jain Sent: Tuesday, March 31, 2015 4:06 PM Subject: EOD Commodities Not

aluminia output by 20% to 650kMT/year as its first plant reaches full capacity this month. Shanghai Aluminum on warrant stocks are flat at 108.1 kMT. LME Aluminum on warrant stocks are flat at 1888 KMT Shanghai Copper on warrant stocks are flat at 86.7 kMT. LME Copper stocks are up 0.11% to 252 kMT. LME Nickel