Copper led the London Metal Exchange base metals higher this morning, Monday April 26, and most of the base metals on the Shanghai Futures Exchange were up too, while the market continued to benefit from the strong purchasing managers’ index (PMI) data that was out on Friday.

The base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Friday April 23, as were the wider markets while US President Joe Biden prepares to announce his plans on tax.

Aluminium prices on the London Metal Exchange set fresh multi-year highs on Wednesday April 21, while copper and tin shied away from previous highs, and the rest remain rangebound this morning.

China’s import premiums for copper cathode are in free fall, and market sentiment remained very low in current unfavorable import condition. Premiums in other regions held unmoved.

Base metals prices on London Metal Exchange were up across the board this morning, Wednesday April 21, but those on the Shanghai Futures Exchange were mainly weaker, as were broader markets, while haven assets were bid for.

Base metals prices on London Metal Exchange were stronger across the board this morning, Tuesday April 20, but those on the Shanghai Futures Exchange were mixed, as were broader markets, following weakness on Wall Street on Monday.

Several major Chinese metal producers bought zinc and gold concentrates produced in North Korea in 2019, despite economic sanctions, a court ruling has revealed.

Base metals prices on the Shanghai Futures Exchange were for the most part stronger this morning, Friday April 16, supported by robust economic data, while the base metals on the London Metal Exchange were consolidating after yesterday’s strength, which followed strong US data.

Base metals prices on the London Metal Exchange have been edging higher in recent days, although this morning, Thursday April 15, they were looking mixed, while those on the Shanghai Futures Exchange were for the most part firmer.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Wednesday April 14, and broader markets were pleased US consumer prices did not shock to the upside, but markets are likely to remain wary in case corporate earnings do not live up to high expectations.