Base metals prices on the Shanghai Futures Exchange (SHFE) were broadly higher during Asian morning trading hours on Tuesday September 19, with copper prices finding support from declining stocks.

Comex copper prices rebounded in the US morning on Monday September 18 after last week saw a heavy round of technical selling.

Base metals prices on the London Metal Exchange were trading higher across the board this morning, Monday September 18, led by increases in zinc and lead.

Base metals prices on the London Metal Exchange are up across the board by an average of 0.8% this morning, Monday September 18. Zinc prices lead the way with a 1.2% rise, followed by lead prices, up by 1.1%, and three-month copper prices that are up by 1% at $6,553 per tonne.

Base metals prices on the Shanghai Futures Exchange (SHFE) were all higher during Asian morning trading on Monday September 18, with lead the outperformer following a 44.4% decline in stocks at SHFE-approved warehouses last week.

Base metals prices on the London Metal Exchange were broadly higher this morning, Friday September 15, following a weak performance over the past two days.

Base metals traded on the London Metal Exchange are on divergent paths this morning, Friday September 15, with losses in aluminium (-0.6%), nickel (-0.5%) and copper (-0.1%) at $6,496 per tonne, while zinc is up 0.3% and lead and tin are little changed.

Copper prices on the Shanghai Futures Exchange (SHFE) managed a small uptick during Asian morning trading on Friday September 15, helped by a slightly weaker dollar, but prices remain under pressure due to the large stock deliveries to London Metal Exchange warehouses seen through the week.

Copper prices on the London Metal Exchange continued to decline in the morning of Thursday September 14, as large stock deliveries continue for the third day in a row.

Copper prices on the Shanghai Futures Exchange (SHFE) fell during Asian morning trading on Thursday September 14, coming under pressure from further large stock deliveries into London Metal Exchange warehouses on Wednesday and the release of disappointing Chinese data which showed economic expansion in the country had unexpectedly cooled last month.