By Vivian Teo / February 21, 2018 / www.metalbulletin.com /
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Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Tuesday February 21.
Base metals on the LME were generally lower during Asian morning trading on Wednesday February 21, amid a lack of liquidity with the Chinese markets still closed.
Check Metal Bulletin's live futures report
here.
| LME snapshot at 3:16am London time |
| Latest three-month LME Prices |
| | Price ($ per tonne) | Change since previous session's close ($) |
| Copper | 7,079 | -10.5 |
| Aluminium | 2,188 | -2.5 |
| Lead | 2,573 | -25 |
| Zinc | 3,550 | -0.5 |
| Tin | 21,375 | 0 |
| Nickel | 13,655 | 45 |
See the
Global Aluminium Wrap for aluminium premiums across the world for the week to Tuesday February 20.
The US Midwest aluminium premium
ticked up over the past week, following the US Department of Commerce confirming its three recommendations for President Donald Trump in the Section 232 investigation concerning aluminium imports into the United States.
The copper market in the United States is facing similar
headwinds as the rest of the metals complex, with rising trucking costs playing a larger role than in previous years.
Crude steel production in Brazil
increased by 1.30% year on year in January, according to figures released by national steel institute A??o Brasil on Tuesday February 20.
Argentinian steelmaker Ternium Siderar saw net profits
drop by 10.12% in the fourth quarter of 2017, compared with the same period a year earlier, due to currency effects and higher costs.
See
here for the summary of base metals premiums across the globe for the week to Tuesday February 20.