May 10, 2013: On Friday, base metal prices settled sideways in Shanghai while prices in London got off to a mixed start. LME official 3-mo. asking prices firmed for copper ($7,377/mt = $3.346/lb.) and tin ($20,825/mt = $9.446/lb.) this morning and in PM trading nickel was also in positive territory.... read more
Davis Trading News
On Friday, commodities were already trending higher ahead of today’s jobs report in the U.S. as most actively traded SHFE copper for September delivery settled 2.1% higher today in Shanghai. Base metal prices firmed across the board in London this morning as well, including higher LME official 3-mo. asking prices... read more