CME Group will introduce a new copper premium grade A cif Shanghai futures contract based on Metal Bulletin’s assessment to begin trading on November 20.

Base metals prices on the London Metal Exchange are fairly mixed this morning, Monday October 30, with the complex off by an average of 0.3%. Three-month copper prices are little changed at $6,841 per tonne, while the rest are ranged between lead prices that are down by 0.9% and zinc prices that are up by 0.4%. Aluminium prices are down by 0.8%, nickel prices are off by 0.6% and tin prices are up by 0.3%.

As LME Week gets under way, Metal Bulletin presents a fictional tale set in the metals trading industry by Geoffrey Sambrook. Chapters III-VII will be published this week.

Base metals prices on the Shanghai Futures Exchange were broadly higher during Asian morning trading on Monday October 30, however, copper and lead prices bucked the trend as they succumbed to a stronger dollar.

London Metal Exchange Week, the largest annual gathering of mining and metals figures in the world, starts on October 29 this year.

Base metals prices on the Shanghai Futures Exchange were weaker across the board during Asian morning trading on Friday October 27, coming under pressure from a stronger dollar.

The base metals on the London Metal Exchange are up across the board by an average of 0.5% this morning, Thursday October 26. Aluminium leads the way with a 0.9% rally to $2,209.50 per tonne – the high so far has been $2,215, which means prices have surpassed the October 2012 peak of $2,212. Copper prices ($7,022 per tonne) and tin prices are up 0.2%, while the rest are up between 0.5% and 0.6%.

Base metals prices on the Shanghai Futures Exchange (SHFE) were higher across the board during Asian morning trading on Thursday October 26, supported by a weaker dollar, while copper prices received a boost from short-covering.

Comex copper prices traded in negative territory during US morning trading on Wednesday October 25, with market participants keeping prices fixed to a tight range following the conclusion of the Chinese Communist party meeting.

Base metals prices on the London Metal Exchange are for the most part weaker this morning, Wednesday October 25. Tin prices are the exception as they are unchanged, but they are also already relatively weak.