Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Wednesday November 21.

Base metal prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Wednesday November 21 amid a rise in risk-off sentiment stemming from weakness in global equity markets and a collapse in oil prices.

Electric vehicle (EV) sales continue to see robust growth - the latest data from China shows NEV sales of 138,000 in October - up 50% from October 2017, according to the China Association of Automobile Manufacturers.

Jittery stock markets and ongoing disappointment over United States/China trade developments continued to put either a cap on the base metals – the exception being tin that broke higher at the start of this week – or keep them under pressure, in the likes of nickel and aluminium.

Good morning from Fastmarkets MB’s offices in Asia as we bring you the latest news and pricing stories on Tuesday November 20.

Base metals prices on the Shanghai Futures Exchange were broadly little changed to weaker during Asian morning trading on Tuesday November 20, with the complex stymied by renewed concerns surrounding the United States-China trade spat.

Russian copper and nickel producer Norilsk Nickel unveiled plans to expand its nickel and copper production by 15% over seven years in a presentation to investors in London on Monday November 19.

The latest news and price moves to start the Asian day on Tuesday November 20.

Please note that due to a spreadsheet error, US third quarter pulp prices were initially published incorrectly in PPI Pulp & Paper Week Nov. 16. The correct prices are: Southern Bleached Softwood Kraft (US) – $1,333 Northern and Southern Mixed Bleached Hardwood Kraft (Canadian/US) $1,192 Bleached Hardwood Kraft (Eucalyptus) – $1,235 Unbleached Softwood Kraft (Canadian/US) […]

Hot-rolled coil prices fell $1 per hundredweight - 2.5% - last week and now sit solidly below $40 per cwt ($800 per short ton).