Base metals prices on the Shanghai Futures Exchange (SHFE) were broadly lower during the Asian morning trading session on Wednesday September 27 as consolidation set in following the rally seen earlier in the week.

Several banks are pulling out of financing stocks of aluminium and copper in South Korea, sources with direct knowledge of the matter have told Metal Bulletin.

Comex copper prices extended the latest rout in US morning trading on Tuesday September 26 with prices hitting a six-week low amid further technical selling.

Base metals prices on the London Metal Exchange mostly strengthened in morning trading on Tuesday September 26, as copper bounced back above $6,500 per tonne.

Base metals prices on the Shanghai Futures Exchange (SHFE) were stronger across the board during the Asian morning trading session on Tuesday September 26, with zinc boosted by price gains on the London Metal Exchange on Monday.

Comex copper prices slid in US morning trading on Monday September 25 with technical selling remaining a strong headwind against the complex.

Base metals prices on the London Metal Exchange are mostly consolidating in the morning on Monday September 25, after steep declines last week.

Base metals traded on the London Metal Exchange are on divergent paths this morning, Monday September 25, with zinc and tin prices higher by 0.8% and 0.3%, respectively; lead and copper prices are little changed with three-month copper at $6,479 per tonne; and nickel and aluminium prices are weaker by 0.5% and 0.3%, respectively.

Base metals prices on the Shanghai Futures Exchange (SHFE) were stronger across the board during the Asian morning trading session on Monday September 25, with copper and lead prices supported by a large drawdown in stocks ahead of China’s weeklong National Day holiday, which begins October 1.

Correspondent Dalton Barker reviews the week in the non-ferrous metals markets.