March 2024

SHFE base metals stocks all up; demand yet to recover after holiday

Deliverable stocks of base metals in Shanghai Futures Exchange (SHFE)-registered warehouses all rose in the week to Friday March 1, with copper increasing the most in percentage terms, according to the exchange’s weekly stock report.

LME nickel price leads complex down with 2.7% drop on Friday morning

Base metals prices on the London Metal Exchange all slightly decreased at the open of trading on Friday March 1, with the exception of the three-month nickel price which tumbled by 2.7%.

SHFE base metal prices move marginally; nickel continues to gain

Base metal prices on the Shanghai Futures Exchange (SHFE) moved only marginally during morning trading on Friday March 1, with nickel rising by 0.24%.