LIVE FUTURES REPORT 14/02: SHFE base metals' trade paths diverge

Base metals prices on the Shanghai Futures Exchange diverged during the morning trading session on Friday February 14 amid sustained concerns over the novel coronavirus (2019-nCoV) situation in China.

Sentiment deteriorated after a surge in the number of reported cases of the coronavirus after a change in diagnostic methods. Hubei province reported 4,823 new coronavirus infections for Thursday after the number of confirmed cases surged to 14,840 confirmed cases a day earlier, statistics from China’s National Health Commission. “The surge in case reports of Covid-19 weighed on the base metals sector,” ANZ Research economist Hayden Dimes said in a morning note. “The market is...

Published

Sally Zhang

February 14, 2020

05:05 GMT

Shanghai