ASIAN MORNING BRIEF 03/10: LME base metals rise on improved global trade sentiment; Europe imposes duties on seamless pipe, tube from Russia, Ukraine; HRC prices in Europe said poised for Q4 drop

Date: Oct 3, 2018

The latest news and price moves to start the Asian day on Wednesday October 3.

Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Tuesday October 2, supported by improved global trade sentiment due to the newly developed United States-Mexico-Canada Agreement in North America. Read more in our live futures report.

Here are how prices looked at the close of trading:

Comex copper prices rebounded in the US during morning trading despite a stronger dollar and poor Chinese data.

The European Commission has imposed anti-dumping duties ranging from 12.3-35.8% on imports of seamless steel pipes and tubes from Russia and Ukraine following an expiry review, the commission said.

Domestic transaction prices for hot-rolled coil across Europe are expected to decline in the fourth quarter of this year, market sources told Fastmarkets.

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