|
|
| |
|
|
Base metals sans aluminium steady at LME on prospects of weaker dollar- 2016 China(Guangzhou)Non-Ferrous Metals Exhibition
10/29/2015 non-ferrous metals expo |
--------------------------------------------------------------------------------------------------------------- |
|
Reuters reported that copper prices rose on Tuesday as expectations of a weaker dollar fuelled a short-covering rally, but gains are likely to be limited by technical levels and worries about slowing demand growth in top consumer China. Benchmark copper on the London Metal Exchange closed 0.5 percent higher at $5,220 a tonne.
The US Federal Reserve starts a two-day meeting on Tuesday. It is widely expected to leave interest rates on hold, a factor behind the dollar''s weakness this week, and possibly adopt a more dovish stance. A lower US currency makes dollar-denominated commodities cheaper for non US buyers.
Three-month aluminium finished down 0.3 percent at$1,476 a tonne, matching a six-year low touched on Monday and representing a drop of more than 10 percent since October 9. Nickel closed 1 percent higher at $10,565 a tonne. Zinc ended unchanged at $1,740 a tonne, lead shed 0.4 percent to $1,749 and tin slipped 0.5 percent to $15,425.
有色金属展-2016年第十七届广州国际有色金属展览会-巨浪展览 non-ferrous
metals- 2016 China(Guangzhou)Non-Ferrous Metals Exhibition
|
|
|
|
|
