By Ellie Wang / April 19, 2018 / www.metalbulletin.com /
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Good morning from Metal Bulletin's offices in Shanghai as we bring you the latest news and pricing stories on Thursday April 19
Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Thursday, with nickel and aluminium leading the gains on sanction-related concerns.
The most-traded July nickel contract on the SHFE traded at 106,920 yuan ($17,020) per tonne as of 11.55am Shanghai time, up 2,170 yuan per tonne from Wednesday's close.
Check Metal Bulletin's live futures report
here.
| LME snapshot at 11:55am London time |
| Latest three-month LME Prices |
| | Price ($ per tonne) | Change since previous session's close ($) |
| Copper | 7,057 | 35 |
| Aluminium | 2,641 | 104 |
| Lead | 2,394 | 17 |
| Zinc | 3,290 | 25 |
| Tin | 21,550 | 75 |
| Nickel | 15,750 | 475 |
| SHFE snapshot at 11:55am Shanghai time |
| Most-traded SHFE contracts |
| | Price (yuan per tonne) | Change since previous session's close (yuan) |
| Copper (June) | 51,800 | 630 |
| Aluminium (June) | 15,340 | 410 |
| Zinc (June) | 24,460 | 570 |
| Lead (June) | 18,395 | 225 |
| Tin (May) | 145,430 | -260 |
| Nickel (July) | 106,920 | 2,170 |
The Chilean government has
named Andr?(C) Sougarret as the new executive vice president of copper producer Empresa Nacional de Miner?-a (Enami), effective April 27.
The general uncertainty and unease present in the aluminium market currently
is unique in its degree of severity, according to an analyst speaking at an industry conference on Tuesday.
US imports of Chinese common alloy aluminum sheet
benefit from unfair government subsidies, with countervailing margins ranging from 31.2-113.3%, according to a preliminary determination from the US Department of Commerce.
South32 has
increased its full year 2018 manganese ore production guidance by 6% amid strong demand and record operating performance at its Australia unit.
The market for cobalt sulfate is
becoming more mature, market participants said on the sidelines of Metal Bulletin's Battery Materials Conference, in Shanghai, which is being held Wednesday-Thursday.