The three-month zinc price on the London Metal Exchange was higher at the close of trading on Friday January 17, with price action settling comfortably above the $2,400-per-tonne support level despite moderately low turnover across the complex, while a steady incline in LME tin saw prices breach nearby resistance.
17 January 2020
Hassan Butt
The three-month zinc price on the London Metal Exchange rose by 1% during morning trading on Friday January 17, holding above the $2,400 per tonne mark after breaching the mark earlier in the week.
17 January 2020
Hassan Butt
Deliverable lead stocks at Shanghai Futures Exchange-approved warehouses plunged by 32.3% in the week to Friday January 17 after restocking demand from downstream plants ahead of the Chinese New Year holidays (January 24-30) continued over the period.
17 January 2020
Violet Li
Base metals prices on the Shanghai Futures Exchange were on divergent paths at the close of the morning trading session on Friday January 17, with lingering trade uncertainty broadly pressuring the complex.
17 January 2020
Sally Zhang
The three-month nickel price on the London Metal Exchange was lower at the close of trading on Thursday January 16, falling by more than 3.5% to settle below nearby resistance, while a steady upswing in tin’s outright price saw it close at a six-month high.
16 January 2020
Hassan Butt
The three-month lead price on the London Metal Exchange was higher during morning trading on Thursday January 16, with price action breaking past the $2,000-per-tonne resistance level against strong volumes, while zinc futures followed higher.
16 January 2020
Hassan Butt
Base metals prices on the Shanghai Futures Exchange were broadly up at the close of the morning trading session on Thursday January 16, with market sentiment buoyed by the signing of a “phase one” trade agreement between China and the United States on Wednesday.
16 January 2020
Hui Li
Lead and zinc scrap prices remained relatively steady in the United States in the first half of January, but a combination of strained supply and firming lead prices on the London Metal Exchange gave battery prices a boost.
15 January 2020
Jenny Stewart
The three-month price of lead on the London Metal Exchange was higher at the close of trading on Wednesday January 15, climbing by more than 2.5% to close at its highest level since November 2019 amid high turnover, while a similar upswing in nickel futures saw the price breach nearby resistance.
15 January 2020
Hassan Butt
The London Metal Exchange will on February 1 introduce a reporting process that will increase transparency into levels of off-warrant stocks.
15 January 2020
Andrea Hotter
