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MORNING VIEW: Base metals prices mostly bullish, as are broader markets
With the exception of tin, base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were firmer this morning, Friday February 5, suggesting there is little appetite for follow-through selling after recent bouts of weakness.
February 5, 2021
·
By William Adams
Insights
MORNING VIEW: Base metals prices mixed, stronger dollar a headwind
Base metals prices on the London Metal Exchange were mainly weaker, while those on the Shanghai Futures Exchange were mainly firmer this morning, Thursday February 4, with the weaker dollar likely weighing on dollar-denominated prices.
February 4, 2021
·
By William Adams
Insights
MORNING VIEW: Base metals prices mainly weaker, despite firmer equities
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly weaker this morning, Wednesday February 3, with zinc prices bucking the trend.
February 3, 2021
·
By William Adams
Insights
MORNING VIEW: Base metals prices mixed while participants await developments, especially on US stimulus negotiations
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mixed, albeit with a downside bias, during morning trading on Tuesday February 2, while silver was consolidating below highs but above its recent trading range.
February 2, 2021
·
By William Adams
Insights
MORNING VIEW: Base, precious metals prices higher despite weak Chinese manufacturing data
Base metals prices on the London Metal Exchange were up across the board this morning, Monday February 1, this despite weaker-than-expected manufacturing purchasing managers’ index (PMI) data out of China over the weekend.
February 1, 2021
·
By William Adams
Insights
MORNING VIEW: Base metals prices mixed, with downside bias; broader markets under pressure
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Friday January 29, with aluminium bucking the trend on both exchanges and March tin on the SHFE also higher.
January 29, 2021
·
By William Adams
Insights
MORNING VIEW: Base metals prices, broader markets under pressure
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Thursday January 28, after market sentiment across the board has turned more cautious.
January 28, 2021
·
By William Adams
Insights
MORNING VIEW: Base metals prices more negative than positive – waiting for fresh direction
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker while the market waits for direction from the US Federal Reserve when the Federal Open Market Committee (FOMC) concludes its meeting this evening.
January 27, 2021
·
By William Adams
Insights
MORNING VIEW: Base metals prices mixed as agreement on US relief package may be delayed
Base metals prices on the London Metal Exchange were mainly lower this morning, Tuesday January 26, but those on the Shanghai Futures Exchange were more mixed.
January 26, 2021
·
By William Adams
Insights
MORNING VIEW: Base metals prices mainly upbeat as dips continue to be bought
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part firmer on Monday January 25, after having dipped on Friday – optimism over US President Joe Biden’s $1.9 trillion fiscal stimulus plan was outstripping the worrying news about the new Covid-19 cases in China.
January 25, 2021
·
By William Adams
Insights
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