With the exception of tin that was little changed, base metals prices on the Shanghai Futures Exchange were down at the close of morning trading on Thursday February 20, with the complex coming under pressure from a strengthening dollar index.

Base metals prices were mixed this morning, Friday April 24, after markets had to absorb weak flash purchasing managers’ index (PMI) data on Thursday, especially in the services sector where readings were 11.7 in the European Union and 27 in the United States, while manufacturing readings were also weak.

Base metals prices on the Shanghai Futures Exchange were little changed to slightly stronger during Asian morning trading on Tuesday July 3, with a firmer dollar following healthy data releases from the United States putting a cap on any price gains.

After the broad-based dip on Tuesday February 18 that was partially triggered by Apple’s sales warning, markets have recovered on Wednesday with equity indices in Asia stronger, as are pre-market western equity indices.

Base metals prices on the Shanghai Futures Exchange were mixed at the close of morning trading on Wednesday February 19, with recent Chinese stimulus measures providing slight support to the complex while worries about the economic impact of the novel coronavirus (2019-nCoV) outbreak continue to loom.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Tuesday April 7, with gains averaging 1.2% and 1.4% respectively.

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China’s official manufacturing purchasing managers’ index (PMI) rebounded to 52 in March, after 35.7 in February, which means 52% of purchasing managers reported conditions were “better” in March than they were a month earlier.

Metals and wider markets are mixed this morning, Wednesday April 15, while traders brace for more economic and corporate data that will start to show the economic hit that the global economy has suffered.

Three-month base metals prices on the London Metal Exchange were mostly down during morning trading on Friday August 21 after the release of key purchasing managers’ index (PMI) data out of Europe disappointed, while copper futures took the brunt of the decline over the morning in a 1.2% drop.