Base metals prices are down across the board by an average of 0.4% on the London Metal Exchange this morning, Thursday September 28. Volume has been average with 6,139 lots traded as of 06:44 BST.

Base metals prices on the Shanghai Futures Exchange (SHFE) were all weaker during the Asian morning trading session on Thursday September 28, as prices continued to consolidate recent gains and investors took profits ahead of China’s week-long National Day holiday next week.

Copper and aluminium were the only base metals on the London Metal Exchange to close in positive territory this afternoon, Wednesday September 27, after the rest of the complex weakened.

Comex copper prices stabilised on the morning of Wednesday September 27 in the USA although prices must contend with a stronger dollar following hawkish comments from the head of the US central bank.

Base metals prices on the London Metal Exchange mostly strengthened this morning, Wednesday September 27, with lead the only base metal to decline.

Base metals traded on the London Metal Exchange are mainly firmer this morning, Wednesday September 27, with gains averaging 0.6%. Volume has been average with 6,713 lots traded as of 06:48 BST.

Base metals prices on the Shanghai Futures Exchange (SHFE) were broadly lower during the Asian morning trading session on Wednesday September 27 as consolidation set in following the rally seen earlier in the week.

Several banks are pulling out of financing stocks of aluminium and copper in South Korea, sources with direct knowledge of the matter have told Metal Bulletin.

Comex copper prices extended the latest rout in US morning trading on Tuesday September 26 with prices hitting a six-week low amid further technical selling.

Base metals prices on the London Metal Exchange mostly strengthened in morning trading on Tuesday September 26, as copper bounced back above $6,500 per tonne.