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METALS MORNING VIEW 14/03: Metals prices get some support from Chinese data
Base metals prices on the London Metal Exchange are for the most part consolidating this morning, Wednesday March 14, although copper and lead prices are showing gains of 0.5% and 0.3% respectively, with the former at $6,984 per tonne.
March 14, 2018
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By Generic people page
Insights
METALS MORNING VIEW 20/06: Metals prices find support, start to rebound after risk-on trading returns
Three-month base metals prices on the London Metal Exchange were up across the board on the morning of Wednesday June 20, with the complex up by an average of 0.3%. Nickel and zinc prices led the way with gains of 0.5%, while copper was up by 0.2% at $6,843 per tonne.
June 20, 2018
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By Generic people page
Insights
***COMMENT: Probable cause
The latest Chinese investment in a US steelmaker has been widely criticised by the domestic industry.
May 28, 2010
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By Generic people page
Insights
METALS MORNING VIEW 01/03: Metals prices consolidate, albeit on a back footing
Base metals traded on the London Metal Exchange are for the most part consolidating after recent weakness, the exceptions are aluminium prices that are up by 0.7% at $2,147 per tonne and lead prices that are down by 0.5% at $2,490 per tonne. The rest are little changed, with copper prices recently quoted at $6,943 per tonne.
March 1, 2018
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By Generic people page
Insights
METALS MORNING VIEW 25/10: Metals give back recent price gains while weakness in equities weighs on sentiment
Three-month base metals prices on the London Metal Exchange were for the most part under pressure during morning trading on Thursday October 25, with the complex down by an average of 0.2%. Poor US new home sales data on Wednesday and weakness in equity markets are weighing on market sentiment.
October 25, 2018
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By Generic people page
Insights
METALS MORNING VIEW 23/11: Metals under pressure despite weaker dollar, good PMI data
Base metals traded on the London Metal Exchange are for the most part weaker this morning, Thursday November 23, with prices down by an average of 0.4%. Lead (-1.2%) and nickel (-1.1%) lead on the downside, while the rest are between unchanged and down by 0.2%. Three-month copper prices are off by 0.2% at $6,922 per tonne.
November 23, 2017
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By Generic people page
Insights
METALS MORNING VIEW 30/10: Metals off to a quiet start
Base metals prices on the London Metal Exchange are fairly mixed this morning, Monday October 30, with the complex off by an average of 0.3%. Three-month copper prices are little changed at $6,841 per tonne, while the rest are ranged between lead prices that are down by 0.9% and zinc prices that are up by 0.4%. Aluminium prices are down by 0.8%, nickel prices are off by 0.6% and tin prices are up by 0.3%.
October 30, 2017
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By Generic people page
Insights
METALS MORNING VIEW 05/07: Sell-off continues, but tighter spreads suggest short-covering
Three-month base metals prices on the London Metal Exchange broadly continued their recent run of weakness on the morning of Thursday July 5. Nickel prices were unchanged, while the rest of the complex was down by between 0.3% for copper ($6,382 per tonne) and 0.7% for aluminium ($2,089 per tonne).
July 5, 2018
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By Generic people page
Insights
METALS MORNING VIEW 31/05: Rebound in Chinese manufacturing PMI bodes well for metals prices
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.
May 31, 2018
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By Generic people page
Insights
METALS MORNING VIEW 03/11: Metals prices generally higher after a busy week
Base metals prices on the London Metal Exchange are mixed this morning, Friday November 3. Nickel remains the main mover with a 1% gain to $12,695 per tonne, while lead and tin prices are up by 0.3%, zinc prices are lower by 0.3% and aluminium and copper prices are little changed with the latter at $6,932 per tonne.
November 3, 2017
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By Generic people page
Insights
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