Core Viewpoint - The prices of base metals on the London Metal Exchange experienced a general decline on September 26, reflecting a shift in market sentiment due to weakened downstream demand and selective strength in metals with ongoing supply tightness [1][2]. Price Summary - Three-month copper closed at $10,205.00 per ton, down $70.50 from the previous trading day, a decrease of 0.69% [1]. - Three-month aluminum closed at $2,649.00 per ton, down $15.00 from the previous trading day, a decrease of 0.56% [1]. - Three-month nickel closed at $15,155.00 per ton, down $85.00 from the previous trading day, a decrease of 0.56% [1]. - Three-month lead closed at $2,001.50 per ton, down $7.50 from the previous trading day, a decrease of 0.37% [1]. - Three-month tin closed at $34,415.00 per ton, up $25.00 from the previous trading day, an increase of 0.07% [1]. - Three-month zinc closed at $2,886.50 per ton, down $36.00 from the previous trading day, a decrease of 1.23% [2].

Core Viewpoint - The prices of base metals on the London Metal Exchange generally declined on the 19th, influenced by ongoing trade and diplomatic uncertainties affecting demand expectations, as well as cautious market sentiment following interest rate cuts [1]. Price Summary - Three-month copper closed at $9,996.50 per ton, up $50.50 from the previous trading day, with a rise of 0.51% [1]. - Three-month aluminum closed at $2,676.00 per ton, down $29.00 from the previous trading day, with a decline of 1.07% [1]. - Three-month nickel closed at $15,270.00 per ton, down $65.00 from the previous trading day, with a decline of 0.42% [1]. - Three-month lead closed at $2,003.00 per ton, down $1.00 from the previous trading day, with a decline of 0.05% [1]. - Three-month tin closed at $34,220.00 per ton, up $470.00 from the previous trading day, with a rise of 1.39% [1]. - Three-month zinc closed at $2,898.50 per ton, down $14.50 from the previous trading day, with a decline of 0.50% [1]. Market Influences - The decline in base metal prices is attributed to mixed supply and demand signals, changing central bank policy expectations (particularly from the Federal Reserve and the Bank of Japan), and profit-taking following recent price increases [1]. - Only metals with limited supply or those less affected by demand concerns managed to maintain stable prices, while others experienced declines [1].

Core Viewpoint - The prices of base metals on the London Metal Exchange rose across the board on August 22, driven by expectations of monetary easing, stimulus measures in China for metal-intensive industries, improved U.S. manufacturing data, and tightening aluminum inventories [1]. Price Summary - Three-month copper closed at $9,810.50 per ton, up $76.00 from the previous trading day, a rise of 0.78% [1]. - Three-month aluminum closed at $2,621.50 per ton, up $28.50 from the previous trading day, a rise of 1.10% [1]. - Three-month nickel closed at $14,965.00 per ton, up $25.00 from the previous trading day, a rise of 0.17% [1]. - Three-month lead closed at $1,990.00 per ton, up $20.00 from the previous trading day, a rise of 1.02% [1]. - Three-month tin closed at $33,835.00 per ton, up $360.00 from the previous trading day, a rise of 1.08% [1]. - Three-month zinc closed at $2,808.00 per ton, up $41.00 from the previous trading day, a rise of 1.48% [1]. Influencing Factors - The rise in metal prices is attributed to a combination of factors including expectations of monetary easing, stimulus measures in China targeting metal-intensive industries, improvements in U.S. manufacturing data, and tightening aluminum inventories [1]. - The overall weakness of the U.S. dollar and speculative momentum ahead of key policy signals from Jackson Hole further supported metal prices [1].