EUROPEAN MORNING BRIEF 05/12: SHFE base metals prices broadly weaker; Q1 MJP aluminium premiums; Bushveld Minerals’ Vametco acquisition

Date: Dec 5, 2017

Good morning from Metal Bulletin’s office in Shanghai, bringing the latest news and pricing stories on Tuesday December 5.

Base metal prices on the Shanghai Futures Exchange were mostly lower during Asian morning trading on Tuesday amid bouts of year-end profit-taking, with copper prices falling as longs liquidate.

Check Metal Bulletin’s live futures report here.

LME snapshot at 02.55am London time
Latest three-month LME Prices
($ per tonne)
Change since yesterday’s close ($)
Copper 6,818 -8
Aluminium 2,072 3
Lead 2,512 5
Zinc 3,232.50 9
Tin 19,485 -40
Nickel 11,290 -95
SHFE snapshot at 10.59am Shanghai time
Most-traded SHFE contracts
(yuan per tonne)
Change since yesterday’s close (yuan)
Copper (January) 53,220 -330
Aluminium (February) 14,710 65
Zinc (January) 25,350 -205
Lead (January) 18,990 40
Tin  (January) 141,450 -250
Nickel  (May) 91,130 -1,240

A major end-user has concluded a deal for aluminium supply to main Japanese ports (MJP) in the first quarter of 2018 at a premium of $103 per tonne with a producer, Metal Bulletin has learned.

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