Nickel prices on the Shanghai Futures Exchange pushed higher during Asian morning trading on Thursday, broadly supported by the metal’s strong underlying fundamentals.
Check Metal Bulletin’s live futures report here.
| LME snapshot at 02:32am London time | ||
| Latest three-month LME Prices | ||
| Price ($ per tonne) | Change since yesterday’s close ($) | |
| Copper | 6,936 | -18 |
| Aluminium | 2,100 | -7 |
| Lead | 2,439 | -24 |
| Zinc | 3,235 | 7.5 |
| Tin | 19,415 | - |
| Nickel | 11,910 | 70 |
| SHFE snapshot at 10:33am Shanghai time | ||
| Most-traded SHFE contracts | ||
| Price (yuan per tonne) | Change since yesterday’s close (yuan) | |
| Copper | 53,950 | -160 |
| Aluminium | 15,030 | 35 |
| Zinc | 25,675 | -5 |
| Lead | 18,575 | -380 |
| Tin | 142,530 | -220 |
| Nickel | 95,910 | 900 |
Zhuzhou Smelter, China’s largest zinc smelter, plans to build a new zinc smelting project with 300,000 tonnes per year of capacity, the company announced on November 20.
The US copper market noted some optimism for the first time in several months, with market participants at the American Copper Council’s autumn meeting noting some upward pressure on premiums due to rising freight and borrowing costs.
Ferro-titanium and titanium scrap prices have risen amid firm and consistent demand, see the key data from the November 22 pricing session in Lisbon, Portugal.
Spot ferro-tungsten prices outperformed the rest of the noble alloys in the first half of the week, drawing strength from thinning supplies and firm Chinese prices.
