Metals prices consolidate Tuesday's gains, aluminium looking robust

Base metals prices are consolidating on the London Metal Exchange this morning, Wednesday March 29, with prices off an average of 0.2%. Nickel leads the decline with a 0.6% drop to $9,940 per tonne, the rest vary from lead prices being down 0.4%, to aluminium prices being up 0.1%. Three-month copper prices are off 0.3% at $5,872 per tonne.

Yangtze River(Changjiang) Non-ferrous Metals Spot Market aluminum price (mornning) is up to US$1973.7(CN¥13520).

The rebound in the base metals prices suggests underlying sentiment remains strong enough to encourage solid dip-buying