Base metals prices were mainly lower across both the London Metal Exchange and the Shanghai Futures Exchange on Tuesday September 28, the exception was LME copper.
Oil prices extend gains; spot Brent crude approaching $80 per barrel. US 10-year treasuries yields push through 1.5%.Base metalsThe three-month copper price on the LME was up by 0.3% at $9,376.50 per tonne and seemed buoyant this morning, while the rest of the complex were showing varying degrees of weakness and were down by an average of 0.6%, led by a 1.1% fall in nickel to $18,680 per tonne. The most-active base metals contracts on the SHFE were weaker across the board by an average of 1.9% while the complex followed the general weakness seen across the LME base metals on Monday, when the LME complex closed down by an average of 1.3%. Copper...