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METALS MORNING VIEW 17/07: Metals prices begin to perk up after mixed start in Asia
Three-month base metals prices on the London Metal Exchange were mixed during morning trading on Tuesday July 17, with aluminium and lead prices down 0.1% and 0.2% respectively, while the rest of the metals were up between 0.4% for nickel and tin and 0.6% for copper. The three-month copper price recently was quoted at $6,228 per tonne.
July 17, 2018
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By Generic people page
Insights
METALS MORNING VIEW 15/09: Metals in correction mode, but some dip buying evident
Base metals traded on the London Metal Exchange are on divergent paths this morning, Friday September 15, with losses in aluminium (-0.6%), nickel (-0.5%) and copper (-0.1%) at $6,496 per tonne, while zinc is up 0.3% and lead and tin are little changed.
September 15, 2017
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By Generic people page
Insights
METALS MORNING VIEW 21/02: Metals’ price rallies face headwinds from economic data
A correction is underway in the three-month base metals prices traded on the London Metal Exchange with prices off by an average of 0.5% on the morning of Thursday February 21, compared with Wednesday’s closing levels.
February 21, 2019
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By Generic people page
Insights
TURKEY FLAT STEEL WRAP: Prices continue to fall, demand moderate in May
Flat steel prices in Turkey continued to fall in May, on moderate demand, and market participants expect June to be just as slow, as the Islamic holy month of Ramadan, and Eid will take place during the month.
June 8, 2017
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By Generic people page
Insights
METALS MORNING VIEW 31/05: Metals weaker despite firm Chinese PMI data
Most of the base metals prices are weaker this morning, Wednesday May 31, the exception is three-month copper prices on the London Metal Exchange that are up 0.3% at $5,677 per tonne. The other LME metals are down an average of 0.6%, although that is skewed by a 2.4% decline in nickel prices to $8,890 per tonne.
May 31, 2017
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By Generic people page
Insights
METALS MORNING VIEW 15/01: Monday’s metal price weakness attracts dip-buying after China stimulates its economy
Three-month base metals prices on the London Metal Exchange were firmer across the board this morning, Tuesday January 15, with prices up by an average of 0.3%.
January 15, 2019
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By Generic people page
Insights
METALS MORNING VIEW 16/05: Metals’ show of strength on Monday looks fragile
Base metals prices on the London Metal Exchange are down across the board this morning, Tuesday May 16, with prices down an average of 0.6%.
May 16, 2017
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By Generic people page
Insights
COMMENT: Iranian steel billet gains acceptance in global market
Iranian steel billet has been quietly gaining acceptance in the global market because of its attractive prices compared to material from other suppliers.
November 23, 2017
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By Generic people page
Insights
METALS MORNING VIEW 05/05: Metals prices remain vulnerable
Base metals prices are generally consolidating this morning, Friday May 5, after setting fresh lows intraday on Thursday.
May 5, 2017
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By Generic people page
Insights
METALS MORNING VIEW 26/07: Copper in the driving seat
Copper prices continued to rally this morning, Wednesday July 26, reaching $6,400 per tonne, which was up by 2.3% from Tuesday’s close. The rest of the complex is split with nickel and zinc off around 1%, while the rest are little changed, although they have been choppy.
July 26, 2017
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By Generic people page
Insights
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