Deliverable nickel stocks at the Shanghai Futures Exchange-approved warehouses remained in an upward trajectory over the past week due to tax policy changes implemented at the start of the year.

Base metals prices on the London Metal Exchange are generally higher this morning, Friday January 12, with prices fairly uniformly up between 0.5% and 0.6% - apart from tin prices that are down 0.1% at $20,159 per tonne. Three-month copper prices are up by 0.5% at $7,167 per tonne and zinc prices have been as high as $3,405 per tonne, which is a fresh multi-year high.

Nickel prices on the Shanghai Futures Exchange retreated during Asian morning trading on Friday January 12, in line with the weaker prices seen on the London Metal Exchange overnight, after selling emerged amid concerns that prices had run too high too soon.

Base metals prices on the London Metal Exchange are generally higher this morning, Thursday January 11, with aluminium leading the way with a 0.8% gain to $2,203 per tonne, while tin is the one bucking the trend with a 0.3% decline. Nickel prices are unchanged, while the rest are up by between 0.2% and 0.4%, with copper prices up by 0.3% at $7,169 per tonne.

Good morning from Metal Bulletin’s office in Singapore, as we bring you the latest news and pricing stories on Thursday January 11.

Nickel prices on the Shanghai Futures Exchange extended their gains during Asian morning trading on Thursday January 11, tracking the strong performance of the metal on the London Metal Exchange in recent days, with robust demand amid a tighter market providing support.

The latest news and price moves to start the Asian day on Thursday January 11.

Good morning from Metal Bulletin’s office in Singapore, as we bring you the latest news and pricing stories on Wednesday January 10.

Base metals prices on the Shanghai Futures Exchange were mostly lower during Asian morning trading on Wednesday January 10 following mixed consumer price index (CPI) and producer price index (PPI) readings from China earlier in the day. Nickel and tin prices bucked the general weakness, however, with the former finding support from a tightening market.

Base metals prices trading on the London Metal Exchange are generally higher this morning, Tuesday January 9, with copper ($7,159 per tonne), aluminium, nickel and zinc up by between 0.2% and 0.5%, while tin prices are little changed and lead prices are bucking the trend with a 0.3% decline to $2,598 per tonne.