Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Thursday May 31.

Base metal prices on the Shanghai Futures Exchange were all up during Asian morning trading on Thursday May 31, finding support from the release of positive Chinese data and a weaker dollar.

The latest news and price moves to start the Asian day on Thursday May 31.

China is likely to take an economic hit from its crackdown on scrap imports, prompting it to adopt a more pragmatic approach in the future, panelists of the Bureau of International Recycling’s (BIR) International Trade Council said at the association's Barcelona conference.

Three-month base metals prices on the London Metal Exchange were down across the board by an average of 0.4%, with copper prices off by 0.9% at $6,768 per tonne.

Copper prices on the Shanghai Futures Exchange fell during Asian morning trading on Wednesday May 30, reversing the gains seen on Tuesday, with the red metal’s prices coming under pressure from a strengthening dollar.

The latest news and price moves to start the Asian day on Wednesday May 30.

Due to a technical error, a price assessment for No.2 copper scrap discounts basis cif China was published on Friday May 25.

Three-month base metals prices on the London Metal Exchange were for the most part weaker on the morning of Friday May 25, down between 0.2% and 0.6%, with copper down by 0.6% at $6,872 per tonne. Zinc was the single exception, up by a marginal 0.1%.

Three-month base metals prices on the London Metal Exchange were once again mixed on the morning of Thursday May 24, with copper up 0.4% at $6,864 per tonne, while aluminium, nickel and zinc prices were off between 0.2% and 0.5%.