Rolling LME/SHFE price report 20/11: Zinc rallies as nickel tumbles through $8,800

Welcome to the rolling base metals price report, tracking the Shanghai Futures Exchange and London Metal Exchange markets on Friday November 20.

This article will be updated throughout the day with the latest on prices, comments, economic data and analysis. 
Update at 17:23 London time
5PM Evening evaluations
  Closing price ($/t) Daily change (%) Week to date change (%)
Copper 4580 -1.10 -5.08
Aluminium 1450 -1.16 -2.75
Zinc 1560 1.83 -3.82
Lead 1594 0.50 -1.06
Nickel 8735 -2.40 -7.32
Tin 14645 -0.03 -0.64

Update at 16:55 London time
Zinc was the outperformer of the LME base metals in Friday’s official session, rallying to close up 5.85% from Thursday’s close.
The metal’s three-month price pushed through $1,500 and $1,600, posting an intraday high of $1,620.50 just after 10am in London, buoyed by the announcement of production cuts from major Chinese smelters. 
Here's what we know about the planned cuts so far.

Zinc fell...

Published

Linda Lin

Charlotte Radford

November 20, 2015

17:23 GMT

Shanghai, London