Comex copper prices are set to move into the weekend on a dour note with the red metal trading around a one-month low on Friday September 22.

Base metals prices on the London Metal Exchange were mostly weaker in the morning of Friday September 22, after prices slumped yesterday evening on fresh US sanctions against North Korea.

Base metal prices on the Shanghai Futures Exchange (SHFE) were weaker across the board during the Asian morning session on Friday September 22, with nickel giving the worst performance as soft demand from China’s stainless steel sector weighed on prices.

Comex copper prices once again faced heavy selling pressure amid hawkish comments from the US central bank on Thursday September 21.

Base metals prices on the London Metal Exchange dipped in the UK morning on Thursday September 21, after the US Federal Open Market Committee (FOMC) statement gave the dollar a boost.

We were wary that the US Federal Open Market Committee (FOMC) statement could give the dollar a boost and that it could become a headwind for metals prices and that seems to have been the case. The base metals prices on the London Metal Exchange are down across the board by an average of 1.1% this morning, Thursday September 21.

Base metal prices on the Shanghai Futures Exchange (SHFE) were broadly lower during the Asian morning session on Thursday September 21, coming under pressure from renewed strength in the dollar after the US Federal Reserve indicated that another interest rate increase this year was likely.

Base metals prices were trading broadly higher on the London Metal Exchange Wednesday September 20 although copper closed in negative territory.

Comex copper prices were hovering around the previous settlement on Wednesday September 20 with the Federal Reserve decision keeping action muted.

Base metals prices on the London Metal Exchange were stronger across the board in the morning of Wednesday September 20, led by nickel prices climbing 1.8%.