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BASE METAL LIVE NEWS UPDATED BY ROYAL TRADERS

Live News Update

SHFE base metals prices mixed following disappointing China data; nickel drops 0.6%

Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Tuesday April 30 after disappointing data from China did little to inspire much activity ahead of the country’s upcoming Labor Day holiday.

Nickel gave the worst performance of the SHFE base metals, with its most-traded June contract falling to 97,830 yuan ($14,529) per tonne as at 10.29am Shanghai time, down by 630 yuan per tonne or 0.6% from Monday’s close of 98,460 yuan per tonne.

The weaker showing in nickel follows disappointing data releases from China early on Tuesday.
 

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