By Ellie Wang / January 05, 2018 / www.metalbulletin.com /
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Good morning from Metal Bulletin's offices in Asia, bringing the key news and market stories on Friday January 5.
SHFE copper prices retreated in Asian morning trading on Friday January 5 after surging in the previous afternoon's session, as the market awaits US payroll numbers due out tonight.
Check Metal Bulletin's live futures report
here.
| LME snapshot at 0232 London time |
| Latest 3M LME Prices |
| | Price ($/t) | Change since yesterday's close ($) |
Copper | 7206 | 20.5 |
Aluminium | 2249 | 3.5 |
Lead | 2573.5 | 2.5 |
Zinc | 3356 | 0.5 |
Tin | 19915 | 40 |
Nickel | 12600 | -40 |
| SHFE snapshot at 0232 Shanghai time |
| Most traded SHFE contracts |
| | Price (yuan/t) | Change since yesterday's close (yuan) |
| Copper (Feb) | 54890 | -290 |
Aluminium (Feb) | 15065 | 15 |
Zinc (Feb) | 25965 | -15 |
Lead (Feb) | 19410 | 5 |
Tin (May) | 144850 | -460 |
Nickel (May) | 98910 | -270 |
Hernic Ferrochrome has suffered a
tailings dam collapse as it prepares to start hosting site visits for prospective buyers, market sources told Metal Bulletin.
Brazilian ferrous scrap export volumes
fell by 3.64% in 2017, according to figures released by national foreign trade ministry MDIC on Thursday January 4.
Striking workers at Empresa Nacional de Mineria's (Enami's) copper smelter in Chile are expected to vote
on a new contract offer from the company this week, Metal Bulletin understands.
Brazilian flat steel import volumes nearly
doubled year on year in 2017, mostly because of increased shipment volumes of heavy plate, cold-rolled coil (CRC) and hot-dipped galvanized coil (HDG).