September 2021

MORNING VIEW: Base metals mixed across exchanges, but mostly standing still

Base metals prices on the LME and SHFE were mixed on the morning of Friday September 17, with most remaining listless despite being buffeted by a firmer US dollar, generally weaker economic data and disruption to both production and supply.

MORNING VIEW: LME base metals mainly higher despite weak Chinese economic data

Base metals prices on the London Metal Exchange largely edged up on the morning of Wednesday September 15 after a day of weakness, but those on the Shanghai Futures Exchange were weaker because they followed movements in London on Tuesday and reacted to weaker Chinese economic data.

FOCUS: Chinese lead smelters see ‘silver lining’ in precious metal exports

Several lead smelters in China, which have previously struggled to raise finance, have been restarting their idled furnaces to take advantage of opportunities to sell the heavy metal’s by-products abroad, market sources said.

MORNING VIEW: Base metals mixed, but many looking more bullish again

Base metals prices were mixed on both the LME and the SHFE this morning, Monday September 13. But while the mood in broader markets remains somewhat negative, the base metals seem to be entering the post-summer period in a more bullish mood.

MORNING VIEW: Base metals and broader markets upbeat again

Base metals prices were higher on both the LME and the SHFE this morning, Friday September 10, with the broader markets also up. Additionally, metals that were previously looking vulnerable now look less vulnerable, suggesting traders are still comfortable being exposed to the metals.

MORNING VIEW: Base metals firmer, while broader markets more circumspect

Base metals prices were higher on the London Metal Exchange but mixed on the Shanghai Futures Exchange this morning, Thursday September 9, but equity markets in Asia-Pacific were weaker with participants once again nervous about possible central bank tapering.

MORNING VIEW: Base metals split into two camps

Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were mixed on the morning of Wednesday September 8. Aluminium, nickel and zinc prices on the LME were holding up well, while copper, tin and lead look more vulnerable.

MORNING VIEW: Base metals prices mainly weaker in quiet trading

Base metals prices on the London Metal Exchange were mainly weaker on the morning of Tuesday September 7, while all but aluminium on the Shanghai Futures Exchange were down.

MORNING VIEW: LME base metals prices mixed following disappointing US jobs data

Base metals prices on the London Metal Exchange were on divergent paths on the morning of Monday September 6, after a weaker-than-expected US jobs report on Friday sent out mixed signals.

MORNING VIEW: Base metals prices mixed, but overall in consolidation mode ahead of US jobs report

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Friday September 3, but overall the picture is one of consolidation ahead of today's employment report from the United States.