Base metals prices veered either side of overnight closing values during routine London Metal Exchange pre-market trading on Tuesday October 10, consolidating current levels as the market took stock of China’s post-holiday business resumption, traders said.

Metal Bulletin has reviewed the feedback received as part of its tungsten pricing consultation, launched in May this year.

Base metals prices on the London Metal Exchange are for the most part weaker this morning, Tuesday October 10, with prices down by an average of 0.3%. The exception is copper where three-month prices are up by 0.4% at $6,693 per tonne. The rest are off between 0.1% for tin prices and 0.8% for nickel prices. Volume has been average with 9,001 lots as of 07:11BST.

Base metals prices on the Shanghai Futures Exchange (SHFE) were broadly lower during Asian morning trading on Tuesday October 10, with only copper and nickel managing to post gains – the latter tracking the strong performance of the London Metal Exchange’s three-month nickel price seen on Monday.

Comex copper prices were little changed to start the new week on Monday October 9, although the friendly economic backdrop is expected to keep prices supported.

The reopening of Chinese markets this morning, Monday October 9, after last week’s holiday has led to a fairly strong start to the week for the base metals, the exception being lead, which is the sole metal in negative territory.

Base metals prices on the Shanghai Futures Exchange (SHFE) were broadly higher during Asian morning trading on Monday October 9, with copper prices drawing support from concerns of supply tightness.

Base metals prices on the London Metal Exchange were on divergent paths this morning, Monday October 9, with nickel leading the upside and climbing over 2%.

Base metals prices on the London Metal Exchange mostly closed lower today, Friday October 6, with only nickel bucking the trend.

The base metals prices on the London Metal Exchange were mostly higher this morning, Friday October 6, as copper continued to climb higher.