By Echo Ma / January 18, 2018 / www.metalbulletin.com /
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Good morning from Metal Bulletin's office in Shanghai, as we bring you the latest news and pricing stories on Thursday January 18.
Base metals prices on the Shanghai Futures Exchange were generally higher during Asian morning trading on Thursday with copper prices outperforming, while the others gave a more subdued performance ahead of key Chinese data releases today.
Check Metal Bulletin's live futures report
here.
| LME snapshot at 02.57am London time |
| Latest three-month LME Prices |
| | Price ($ per tonne) | Change since previous session's close ($) |
| Copper | 7,066 | 31.5 |
| Aluminium | 2,197 | 5 |
| Lead | 2,564 | 15 |
| Zinc | 3,385 | 17.5 |
| Tin | 20,395 | -100 |
| Nickel | 12,455 | 45 |
| SHFE snapshot at 10.57am Shanghai time |
| Most-traded SHFE contracts |
| | Price (yuan per tonne) | Change since previous session's close (yuan) |
| Copper (March) | 53,830 | 250 |
| Aluminium (March) | 14,650 | 20 |
| Zinc (March) | 26,035 | -20 |
| Lead (March) | 19,250 | 55 |
| Tin (May) | 144,300 | -430 |
| Nickel (May) | 97,130 | 180 |
BHP has released its production results for the three months ended December 31, 2017. Click
here for a summary of these results.
Spent lead-acid batteries and lead scrap prices in the United States maintained a steady footing,
buoyed by the relative strength of the London Metal Exchange.
Rising freight rates and uncertain trucking dependability are plaguing aluminum scrap and secondary aluminium alloy market participants in the United States, who fear that there may be no near-term relief in sight.
The Midwest aluminium spot premium
has risen to a more than two-and-a-half-year high in the US amid concerns about potentially strict tariffs that could be imposed due to the US Commerce Department's Section 232 investigation.
Germanium prices increased on Wednesday and are expected to rise further after
Teck Resources declared a partial force majeure on the sale of the metal from its trial operations.