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Base metals like copper, aluminium, nickel and alumina are some of the world’s most frequently traded commodities. With so many forces bearing down on the base metals market, win-win outcomes for negotiations depend on the depth and breadth of your understanding of the market.
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Copper prices on the Shanghai Futures Exchange rose during Asian morning trading on Monday June 4, benefiting from supply-side concerns, while the rest of the complex was little changed to stronger.
Base metals prices, with the exception of zinc, on the Shanghai Futures Exchange were all up during Asian morning trading on Friday June 1.
Base metals on the London Metal Exchange closed mostly higher on Thursday May 31, ending the month broadly supported with most metals trading in positive territory.
China’s manufacturing purchasing managers’ index (PMI) for May surprised to the upside at 51.9, having been expected to remain at April’s level of 51.4, though the positivity surrounding this release has yet to filter through to base metals prices on the London Metal Exchange.
Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Thursday May 31.
Base metal prices on the Shanghai Futures Exchange were all up during Asian morning trading on Thursday May 31, finding support from the release of positive Chinese data and a weaker dollar.
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