Three-month base metals prices on the London Metal Exchange were little changed to weaker on the morning of Tuesday May 22, with prices down by an average of 0.3%.

Further weakness in China’s Caixin manufacturing purchasing managers’ index (PMI), that fell to 48.3 in January from 49.7 in the prior month, was enough to dent confidence in the base metals market this morning, Friday February 1, with prices for the most part weaker as a result.

Three-month base metals prices on the London Metal Exchange were for the most part still consolidating the gains seen at the end of last week, following weakness on Monday January 28, an up day on Tuesday, and now awaiting further direction.

Three-month base metals prices on the London Metal Exchange were down across the board by an average of 1% on the morning of Thursday July 19. Losses were ranged between a 0.1% drop for aluminium and a 2% fall for zinc. The three-month copper price was down by 0.8% at $6,129 per tonne.

Base metals prices trading on the London Metal Exchange are in mixed mood so far on Wednesday December 27, as trade resumes following the Christmas holiday, with lead leading with a gain of 1.2%, followed by copper (+0.8%) and tin (+0.3%), while aluminium, zinc and nickel are in negative ground with the latter down 1.5%.

For the last couple of years it’s been all about the raw materials. First iron ore miners were looking for record increases at annual benchmark negotiations, then coking coal producers pitched for the same.

Global steel billet prices continued to rise in most markets in the week to Friday December 15 as customers continued to show interest in importing material.

Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.8% this morning, Tuesday March 5. Volume was well above average with 12,645 lots having changed hands on Select as at 06.30am London time, compared with 6,685 lots at a similar time on Monday.

The base metals were up across the board by an average of 0.8% basis three-month prices on the London Metal Exchange on the morning of Tuesday August 21.

First impressions are that we are off to a bullish start to the week, with the base metals prices on the London Metal Exchange up by an average of 0.6% this morning, Monday February 26.