Base metal prices on the Shanghai Futures Exchange were all lower during Asian morning trading on Monday, with several factors including easing supply concerns, a stronger dollar and an upcoming United States monetary policy meeting pressuring copper prices in particular.

Check Metal Bulletin's live futures report here.

SHFE snapshot at 10:57am Shanghai time
Most-traded SHFE contracts
  Price (yuan per tonne) Change since previous session's close (yuan)
Copper (May) 51,280 -840
Aluminium (May) 13,935 -60
Zinc (May) 24,885 -25
Lead (May) 18,435 -115
Tin  (May) 144,610 -110
Nickel  (Jul) 102,070 -1,640

LME snapshot at 02:58am London time
Latest three-month LME Prices
  Price ($ per tonne) Change since previous session's close ($)
Copper 6,829 -59
Aluminium 2,076 -9
Lead 2,378 -5
Zinc 3240.50 -19.5
Tin 20,990 -10
Nickel 13,490 -135

Strong demand from India is continuing to support the cadmium market, with the price for higher-grade material reaching fresh highs this week, even with the end of the fiscal year approaching, market sources told Metal Bulletin.

The upheaval in the global non-ferrous metals trade is increasingly shifting price drivers from traditional factors to a landscape where geopolitical influences have more weight on prices, according the Bureau of International Recycling.

A surge in warehousing stocks and freight costs has zinc users in the United States wondering where the market is headed - and how near-term premiums will be affected.

Secondary aluminium scrap prices in the US generally remain steady, supported by firm demand and steady supply.

And in case you missed it:
Be sure to check out correspondent Dalton Barker's review of the week in the non-ferrous markets.