Live News Update SHFE zinc price drops 1.3%, healthy China data fails to provide support Zinc prices on the Shanghai Futures Exchange were down again during morning trading on Wednesday April 17, following further inflows of the metal into London Metal Exchange sheds on Tuesday. This morning’s weakness on the SHFE mirrors that seen on Read more about BASE METAL NEWS UPDATED BY ROYAL TRADERS[…]
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Live News Update LME zinc falls 2% amid 10kt inflow; Nickel above $13k/t Zinc’s three-month price on the London Metal Exchange was down by more than 2% during morning trading on Tuesday April 16, with its price action under pressure after more than 14,000 tonnes of zinc was delivered into LME-registered European warehouses this week, Read more about BASE METAL NEWS UPDATED BY ROYAL TRADERS[…]
Live News Update Base metals prices consolidate in low-volume LME trading; Zinc-lead switch nears $1,000/t Base metals prices on the London Metal Exchange consolidated during morning trading on Monday April 15, with prices broadly rangebound amid low volumes while a price difference of nearly $1,000 per tonne continues to separate zinc and lead futures. Three-month Read more about BASE METAL NEWS UPDATED BY ROYAL TRADERS[…]
Live News Update Improvement in risk appetite supports SHFE base metals prices; Cu up 0.7% Base metals traded on the Shanghai Futures Exchange were all up during morning trading on Monday April 15, supported by an improvement in risk appetite following better-than-expected monetary data from China. The most-traded June copper contract on the SHFE stood Read more about BASE METAL NEWS UPDATED BY ROYAL TRADERS[…]
Live News Update Mixed economic outlook, firm dollar cap SHFE base metals prices; Pb slides 1.2% Lead prices on the Shanghai Futures Exchange retreated during morning trading on Thursday April 11, tracking the weakness seen on the London Metal Exchange at the close of trade on Wednesday. The most-traded May lead contract on the SHFE Read more about BASE METAL NEWS UPDATED BY ROYAL TRADERS[…]
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Live News Update Chile’s Enami to increase copper production by 7.7% in 2019 Chilean copper producer Empresa Nacional de Minería (Enami) expects to produce 140,000 tonnes of copper in 2019, an increase of 7.7% over 2018, sales manager Pedro Pablo Lavin told Fastmarkets on Tuesday April 9. Enami produced 130,000 tonnes last year. The volumes Read more about BASE METAL NEWS UPDATED BY ROYAL TRADERS[…]
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Live News Update SHFE base metals broadly lower on trade uncertainties; Cu bucks the trend Base metals prices on the Shanghai Futures Exchange were broadly lower during morning trading on Tuesday April 9, with investors taking a risk-averse stance amid the uncertainties over trade negotiations between the United States and China. “Uncertainty remains over Brexit Read more about BASE METAL NEWS UPDATED BY ROYAL TRADERS[…]
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SHFE zinc prices continue to move higher amid weaker dollar, supply concerns Zinc prices on the Shanghai Futures Exchange continued their uptrend during morning trading on Monday April 8, amid a weaker dollar index and positive fundamentals. The most-traded May zinc contract on the SHFE rose to 23,225 yuan ($3,456) per tonne as at 10.14am Read more about BASE METAL NEWS UPDATED BY ROYAL TRADERS[…]