The base metals are looking a bit firmer and better placed to work higher this morning, Tuesday July 11.

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.

Base metals prices on the London Metal Exchange are starting the week on a weak footing with prices down by an average of 1.5% this morning, Monday November 27.

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.

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%.

Base metals prices are generally consolidating this morning, Friday May 5, after setting fresh lows intraday on Thursday.

Base metals prices on the London Metal Exchange are for the most part weaker this morning, Wednesday August 2. Aluminium is the exception, its prices are up 0.7% at $1,923 per tonne, while the rest are off by an average of 0.2%, with zinc prices off 0.5% and copper prices off 0.3% at $6,328 per tonne. Volume has been high at 12,379 lots as of 07:15 BST – this may be due to it being option declaration this morning.

The base metals are rebounding this morning, Thursday April 13, after what has been a week or so of weaker prices.

Most global billet prices edged down last week, amid lower scrap prices and weaker market activity due to the month-long Ramadan religious observation in Islamic countries.

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