Copper prices on the Shanghai Futures Exchange were weaker during Asian morning trading hours on Wednesday November 29, with the combination of a stronger dollar and weak macroeconomic data keeping investor appetite subdued.

Growing fears in recent days that the novel coronavirus (2019-nCoV) epidemic is becoming a pandemic have given global equity markets a reality check and base metals that had initially reacted more than equities are now down less than equities, so may have some catching up to do.

MMG temporarily reduced productions at its Peruvian copper mine-Las Bambas following the local governments' declaration of a 15-day state of national emergency to contain the coronavirus (2019-nCoV), the Australian-Chinese miner said on Thursday March 19.

In the absence of fresh economic news on Monday July 29, the early weakness in metals prices ran into dip-buying. While the base metals have not followed equities to fresh highs, far from it, the underlying supply fundamentals do seem to be providing support.

Base metals prices were down across the board during Asian morning trading on Wednesday January 24, with copper leading the losses following a sharp increase in red metal stocks on the London Metal Exchange overnight.

Good morning from Metal Bulletin’s office in Shanghai, as we bring you the latest news and pricing stories on Wednesday January 17.

Base metals traded on the Shanghai Futures Exchange were broadly weaker during Asian morning trading on Thursday March 15, with heavy losses seen in nickel and zinc prices, while lead was the only metal to push higher.

With available stocks at record lows, aluminium spreads on the London Metal Exchange are increasingly volatile.

Base metals prices on the Shanghai Futures Exchange tumbled further during morning trading on Thursday August 16, pressured by persistent strength in the dollar, which has been underpinned by positive economic data from the United States this week.

The London Metal Exchange three-month aluminium price held firm amid a 12,425-tonne outflow of material and a 15,075-tonne fresh cancelation during the morning session on Wednesday February 12.