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Shanghai base metals mostly higher after Fed kept rates unchanged

From news.metal.com

SHFE nonferrous metals, except for copper, cruised higher on Thursday morning, extending overnight gains, as the US Federal Reserve kept its interest rates unchanged at near zero. In overnight trading, SHFE nonferrous metals strengthened for the most part. Copper gained 0.5%, aluminium advanced 1.4%, zinc surged 2.2%, lead increased 0.8%, nickel rose 1.1%, while tin dropped 1.1%. On Wednesday, LME nonferrous metals, except for tin, moved higher. Copper and aluminium edged up 0.1%, zinc jumped 1.5%, nickel surged 1.6% and lead rose 0.9%. The US dollar index dipped to a two-year low of 93.17 as the Fed held interest ... (full story)

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  • Category: Fundamental Analysis