Bounces have been seen across the base metals prices on the London Metal Exchange this morning, Wednesday April 19, with prices up an average of 0.6% as of 06:30 BST.

India’s imported scrap markets have been supported by healthy demand for finished steel in the country this week, which prevented there being steeper losses in the scrap price, sources have told Metal Bulletin.

Volatility has picked up in the base metals trading on the London Metals Exchange in recent days, with prices down an average of 0.4% this morning, Thursday March 23. This is after prices rebounded on Wednesday afternoon following a bout of weakness that started on Monday.

The upward trend in steel billet market prices resumed last week in most global markets, despite signs of a slowdown in the Chinese steel market, sources told Metal Bulletin.

Iranian steel billet has been quietly gaining acceptance in the global market because of its attractive prices compared to material from other suppliers.

Base metals prices on the London Metal Exchange are for the most part weaker this morning, Tuesday December 5, with lead the only metal showing any strength - its prices are up by 0.2%. The rest are down by an average of 0.7%, led by a 1.8% fall in nickel prices. Three-month copper prices are down by 0.9% at $6,743 per tonne.

Base metals prices on the London Metal Exchange are down across the board by an average of 0.9% this morning, Tuesday November 28. Nickel leads the decline with a 1.7% drop to $11,390 per tonne, while zinc prices are off by 1.2% at $3,147 per tonne and copper prices are down by 0.9% at $6,864 per tonne.

Manganese ore prices continued to firm on Friday September 15 as sentiment was boosted by a gradual drawdown in stocks in China and anticipation of further strengthening in the steel sector.

The Commonwealth of Independent States (CIS) region’s export slab price lost its premium to corresponding billet in 2017, driven by a combination of an easing international slab market and a tightening billet market.

With Chinese participants returning from holiday, they have taken to selling into the recent metal price gains, with the three-month base metals prices on the London Metal Exchange for the most part weaker during morning trading on Tuesday September 25.