Base metal prices on Shanghai Futures Exchange fell during Asian morning trading on Wednesday November 15 as a wave of selling continued across the complex, with nickel plummeting as much as 5% earlier in the day.

Base metals prices traded on the London Metal Exchange are for the most part weaker this morning, Tuesday November 14. Tin prices are bucking the trend with 0.2% gain, while the rest are down by an average of 0.6% - somewhat skewed by a 1.5% drop in nickel prices and 1.1% fall in lead prices. Three-month copper prices are off by 0.2% at $6,882 per tonne.

Base metal prices on Shanghai Futures Exchange were mostly lower during Asian morning trading on Tuesday November 14. Tin and copper prices bucked the trend, however, with the latter finding support from fresh buying interest.

Base metal prices on Shanghai Futures Exchange diverged during Asian morning trading on Monday November 13, with nickel and copper under pressure while aluminium rebounded.

Metal Bulletin is hosting a free web seminar on Thursday November 16 at 9:00am London time to discuss the launch of Metal Bulletin’s Shanghai copper premiums contract by CME Group.

Base metal prices on Shanghai Futures Exchange were all higher during Asian morning trading on Friday November 10, with lead the outperformer as it finds support from expectations of increased demand, while environmental crackdowns in China have tightened supply of the metal.

China copper buyers and sellers can now speculate on or hedge out forward premiums without signing long-term contracts.

Metal Bulletin Research rounds up the sentiment at LME Week as ‘fairly upbeat’, with that bullishness rooted in supply-side themes and optimism for electric vehicles. But there was certainly a sense among many that prices have already done enough on the upside for the time being. And while China’s economy will continue to expand next year, growth will be slower, and as we’ve seen in the past few years, the market is quick to get bearish when China slows. So we’d summarise sentiment as cautiously bullish overall.

Base metals traded on the London Metal Exchange remain under downward pressure this morning, Wednesday November 8, posting an average loss of 0.2%.

Base metals traded on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Wednesday November 8, with nickel the worst performer as investors closed positions to lock in profits, while copper and zinc were pressured downwards by concerns of soft demand.