Base metals prices traded on the London Metal Exchange are for the most part weaker this morning, Tuesday November 14. Tin prices are bucking the trend with 0.2% gain, while the rest are down by an average of 0.6% - somewhat skewed by a 1.5% drop in nickel prices and 1.1% fall in lead prices. Three-month copper prices are off by 0.2% at $6,882 per tonne.

Base metals prices trading on the London Metal Exchange are generally higher this morning, Tuesday January 9, with copper ($7,159 per tonne), aluminium, nickel and zinc up by between 0.2% and 0.5%, while tin prices are little changed and lead prices are bucking the trend with a 0.3% decline to $2,598 per tonne.

The rebounds in the base metals have paused in recent days; we wait to see if the better-than-expected Chinese official manufacturing purchasing managers’ index (PMI) acts as a boost as we approach September and the end of the summer slowdown.

Base metals prices on the London Metal Exchange were for the most part treading water this morning, Tuesday April 30, while the market digests the disappointing Chinese data released earlier. This, combined with the fact that many Asian market participants are away for holidays this week, is likely to lead to subdued trading – but reduced liquidity could also lead to increased volatility.

Base metals prices on the London Metal Exchange are for the most part stronger this morning, Friday November 24. The exception is zinc, where prices are off by 0.1%, while the rest are up by between 0.2% for tin prices and 1.1% for nickel prices, with copper prices up by 0.3% at $6,992 per tonne.

Base metals prices on the London Metal Exchange were for the most part little changed on the morning of Thursday May 3, with copper prices up just 0.1% at $6,825 per tonne. The exceptions were zinc prices, which were down by 1% at $3,080 per tonne, and lead prices that were up by 0.5% at $2,290 per tonne.

Three-month base metals prices on the London Metal Exchange were once again mixed on the morning of Thursday May 24, with copper up 0.4% at $6,864 per tonne, while aluminium, nickel and zinc prices were off between 0.2% and 0.5%.

In the absence of an LMEselect price feed, we will focus on Shanghai Futures Exchange trading this morning, Thursday January 12.

The global steel billet markets remained basically stable in the week from Monday August 20 to Friday August 24, with prices in Southeast Asia and the CIS region continuing to soften on the fallout from the weakening of the Turkish lira.

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