ASIAN MORNING BRIEF 28/11: Base metals mostly retreat on LME; manganese ore sales rise, prices reverse losses; amendment to international cobalt price specifications proposed

Date: Nov 28, 2017

The latest news and price moves to start the Asian day on Tuesday November 28.

Base metals prices on the London Metal Exchange closed largely in negative territory on Monday November 27. Nickel in particular failed to recover from earlier losses, closing down nearly 4%. Read more in our live futures report.

Here are how prices looked at 6.15pm London time.

Manganese ore sales at Chinese ports have picked up slightly over the past two weeks compared with large seaborne sales, while traders pay premiums for small clips to avoid significant exposure to price risks.

High-grade manganese ore prices reversed recent losses on November 24, while low-grade material slid more slowly.

Metal Bulletin is proposing to amend its international cobalt price specificationsas a result of changes in the market, and is inviting feedback.

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