EUROPEAN MORNING BRIEF 06/02: Most SHFE base metals in negative territory; Arconic plans global portfolio review; Chinese, European vanadium prices soften

Date: Feb 7, 2018

Good morning from Metal Bulletin’s offices in Shanghai as we bring you the latest news and pricing stories on Tuesday February 6.

Much like yesterday, most base metals prices on the Shanghai Futures Exchange were under pressure during Asian morning trading on Tuesday, with sharp falls in the US stock market overnight damping market sentiment.

Nickel prices continued their recent run of weakness as they led the complex, with the exception of tin, lower for the second day in a row.

Check Metal Bulletin’s live futures report here.

LME snapshot at 02.25am London time
Latest three-month LME Prices
Price ($ per tonne)  Change since yesterday’s close ($)
Copper 7,056 -113
Aluminium 2,192.50 -18.5
Lead 2,615 -32
Zinc 3,495.50 -52.5
Tin 21,630 -290
Nickel 13,375 -370

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