A 3.3% year-on-year rise in China’s exports in US dollar terms, which was above expectations, has provide some relief to markets, with Asian equities, base metals and precious metals up across the board.

The London Metal Exchange three-month base metals prices ran into follow-through selling on the morning of Monday March 25 following the weak economic data points released at the end of last week.

Most three-month base metals prices on the London Metal Exchange maintained their downward trajectory during early trading on Wednesday October 3, with recent weak Chinese economic data and a strong dollar dampening risk-on sentiment.

Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Thursday August 30, with only copper and nickel bucking the trend.

While metals prices were mixed this morning, Wednesday June 3, broader markets were looking more upbeat and the underlying trends in the metals are also upward.

Three-month base metals prices on the London Metal Exchange were broadly weaker on the morning of Wednesday November 14, with the three-month copper price down by 0.1% at $6,040 per tonne. This after Tuesday’s energetic start that saw the red metal reach $6,181 per tonne at one point.

Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Wednesday February 12 amid lingering concerns over the spread of the novel coronavirus in China and its impact on the country’s economy.

Three-month base metals prices on the London Metal Exchange were mainly down on the morning of Thursday August 23, with lead prices bucking the trend with a 0.2% rise, while the rest were off by between 0.5% for aluminium and 1.5% for nickel. The three-month copper contract was down by 1.2% at $5,941 per tonne.

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange are firmer this morning, Thursday April 23, but the price pullbacks in recent days have questioned the robustness of the earlier rebounds.

Barring those for nickel, base metals prices on the Shanghai Futures Exchange fell during the morning trading session on Wednesday November 13 while investors awaited clarity on the first phase of a trade deal between China and the United States.