The Chinese ferro-silicon market has climbed amid a shortage of supplies and increased raw materials costs, while the USA and Europe are holding despite little spot buying interest amid the seasonal slowdown.

Base metals prices are up an average of 0.6% with gains seen across the board on the London Metal Exchange this morning, Thursday June 8, helped by better Chinese trade data that showed imports and exports picked up in May.

Positive headlines regarding continuing US-China trade talks have fueled a recovery in global risk sentiment so far on Friday March 29, subsequently providing support to three-month base metals prices on the London Metal Exchange.

The base metals traded on the London Metal Exchange have kicked off the new trading week with a broadly positive performance this morning, Monday April 23.

Base metals prices on the London Metal Exchange are for the most part stronger today, Thursday March 29, with prices up by an average of 0.6%. Nickel leads the advance with a 2% rise to $13,300 per tonne, while copper is up by 1% at $6,732 per tonne.

Three-month base metals prices on the London Metal Exchange had a mixed start to trading on Tuesday March 26 while recessionary fears subsided.

Decreases in China’s domestic and export coke prices have not been halted, although some market participants had expected they would, because the steel markets have yet to gain momentum and coking coal prices are still weakening.

Base metals prices on the London Metal Exchange are for the most part weaker this morning, Tuesday October 10, with prices down by an average of 0.3%. The exception is copper where three-month prices are up by 0.4% at $6,693 per tonne. The rest are off between 0.1% for tin prices and 0.8% for nickel prices. Volume has been average with 9,001 lots as of 07:11BST.

Base metals trading on the London Metal Exchange are weaker this morning, Tuesday March 21, with prices down an average of 0.4%, this comes after an average decline of 0.7% on Monday.

Trading across most of the metals is relatively quiet in early morning on Tuesday April 16 and the market seems to be waiting for fresh direction, which we think means the market is waiting for a US/China trade deal.