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.

Broader markets were little changed this morning, Wednesday November 6, while participants await further news on the likelihood of a “phase one” trade deal between the United States and China.

Copper prices on the Shanghai Futures Exchange retreated during Asian morning trading on Tuesday February 27, with a strong performance by the dollar overnight leaving investors cautious and on the lookout for further direction.

We have been closely monitoring the developments relating to the Covid-19 outbreak, including its impact on global travel plans and the likely attendance at events that were due to commence in the next few weeks.