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MORNING VIEW: LME metals firmer across the board; recent price weakness runs into support
Generally London Metal Exchange prices have been weak in recent days and the strong dollar has been a factor in that, but dip-buying appears to be providing support in morning trading on Friday April 26.
April 26, 2019
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By Generic people page
Insights
METALS MORNING VIEW 14/12: Metals prices start quietly, but strong data beginning to help
Base metals prices on the London Metal Exchange started the European trading day slightly weaker this morning, Thursday December 14, with losses in copper (-0.3% at $6,721 per tonne), lead (-0.3%), zinc (-0.2%) and tin (-0.1%), while aluminium is up by 0.1% and nickel prices are unchanged. They have since started to rally, helped by stronger data.
December 14, 2017
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By Generic people page
Insights
METALS MORNING VIEW 05/09: Metals consolidate, market focus shifts to emerging markets
Three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Wednesday September 5, with consolidation mode setting in after Tuesday’s losses.
September 5, 2018
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By Generic people page
Insights
METALS MORNING VIEW 10/10: Copper firmer; other metals run into overhead selling
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.
October 10, 2017
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By Generic people page
Insights
MORNING VIEW: LME base metals prices remain under pressure despite record-setting US equities
Trading across most of the base metals is leading to price weakness – this despite record-setting levels seen in the S&P 500 and Nasdaq Composite on Tuesday. The exception is aluminium, where prices have been edging higher in recent days.
April 24, 2019
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By Generic people page
Insights
METALS MORNING VIEW 20/11: Metals prices under pressure despite weaker dollar
Base metals traded on the London Metal Exchange are generally weaker this morning, Monday November 20, posting an average decline of 0.4%. Aluminium (-1%) and zinc (-0.7%) lead on the downside, while nickel is unchanged and the rest are off between 0.1% and 0.5%, with three-month copper prices off 0.5% at $6,763 per tonne.
November 20, 2017
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By Generic people page
Insights
METALS MORNING VIEW 01/12: Metals prices consolidate, some buying emerging
Base metals prices on the London Metal Exchange are for the most part firmer this morning, Friday December 1.
December 1, 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 16/05: Metals prices recover after Tuesday’s show of weakness
Most of the base metals prices on the London Metal Exchange were little changed on the morning of Wednesday May 16, the exceptions were zinc (+0.6%) and tin (-0.5%). Copper was up by 0.1% at $6,818 per tonne.
May 16, 2018
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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
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