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Base metal trends at LME

Metal News - Published on Thu, 18 Oct 2018

Image Source: The Telegraph
Copper prices fell on Wednesday as better than forecast Chinese lending data signalling solid economic growth in the world’s biggest metals consumer was offset by signs that a supply squeeze in China was receding. Benchmark copper on the London Metal Exchange (LME) was down 0.3 percent at USD 6,195.50 a tonne at 1458 GMT.

Aluminium meanwhile fell after a second day of large inflows of metal into London Metal Exchange warehouses. ALUMINIUM: LME aluminium was down 0.6 percent at USD 2,021.50 a tonne after headline stocks in LME-registered warehouses surged from 926,100 tonnes to 1,082,600 tonnes in two days.

LME zinc was up 1.5 percent at USD 2,646 a tonne, nickel was 1.5 percent lower at USD 12,405, lead slid 2 percent to USD 2,025 and tin was up 0.1 percent at $19,220.

Source :

Posted By : Rabi Wangkhem on Thu, 18 Oct 2018
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