The combination of some easing in Chinese lending rates and talk that United States officials may be prepared to drop some tariffs on China has led to more risk-on in broader markets.

While Wall Street climbs to record highs on optimism for a United States-China trade deal and on merger and acquisition developments, the metals at best tread water, while some head lower.

Copper prices on the Shanghai Futures Exchange suffered their steepest fall in recent months during Asian morning trading on Wednesday December 6, following a significant rise in deliverable red copper stocks on the London Metal Exchange on Tuesday.

French industrial recycling company Recylex delivered a “satisfactory” performance in its first-half sales results to June 30, with income rising 9% year-on-year, as growing volumes made up for declining lead prices.

Good morning from Metal Bulletin’s office in Shanghai, bringing the latest news and pricing stories on Tuesday December 5.

Base metals prices on the Shanghai Futures Exchange were broadly higher during Asian morning trading on Monday October 30, however, copper and lead prices bucked the trend as they succumbed to a stronger dollar.

Base metals prices on the Shanghai Futures Exchange were on divergent paths during Asian morning on Friday November 3, with nickel prices consolidating their vast gains from earlier in the week and copper prices strengthening following the release of firmer-than-expected Chinese data.

Base metals prices on the Shanghai Futures Exchange (SHFE) were on divergent paths during Asian morning trading on Wednesday October 25, with copper prices lower as investors took profits.

Base metal prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Wednesday November 21 amid a rise in risk-off sentiment stemming from weakness in global equity markets and a collapse in oil prices.

Base metals prices on the London Metal Exchange have started to weaken as European trading gets underway with three-month prices off by an average of 0.2% this morning, Tuesday July 18.