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Base Metals Fell across the Board under Strengthened US Dollar

From news.metal.com

Shanghai base metals all edged down on Tuesday morning amid strengthened US dollar index. Meanwhile, their counterparts on LME basically trended lower as well. LME metals all went down in the trading on Monday. Copper dropped 1.56%, aluminium fell 1.35%, lead lost 0.67%, and zinc decreased 0.93%. SHFE metals also fell across the board last night. Copper fell 1.82%, aluminium dropped 2.82%, lead decreased 0.6%, and zinc lost 1.08%. Copper: Three-month LME copper opened at $9,679/mt last night and fell to $9,472/mt before rebounded to close at $9,536/mt, a decrease of 1.56%. LME copper is expected to trade between ... (full story)

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  • Category: Fundamental Analysis