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Many base metals fall on firm dollar, weaker China information

Most base metals prices fell on Tuesday, weighed down by a firm dollar and demand stress, following weak production data from top customer China.

Three-month copper on the London Metal Exchange dipped 0.3% to $9,156 per metric load by 0345 GMT, while the most-traded October copper contract on the Shanghai Futures Exchange alleviated 0.3% to 73,570 yuan ($ 10,327.93) a load.

The dollar held near to a two-week high. A firmer dollar makes greenback-priced metals more pricey to holders of other currencies.

China's manufacturing activity sank to a six-month low in August, main information revealed. The sector accounts for a big portion of metals need and is among the major indications for the health of the Chinese economy.

Commodities are getting smoked for the second day in a row. The selling is generic. International Purchasing Supervisors' Indices are bad. There's no strong expectations of a need (healing), a. trader stated.

( I am) waiting for either stimulus or rate cuts. It's a. longer-term view. As soon as rate cuts happen - and if they do so. fast adequate - nations can begin launching stimulus plans,. the trader included.

Nevertheless, decreasing inventories in SHFE warehouses. << CU-STX-SGH >, which stood at 241,745 loads on Friday, the most affordable. because March 8, minimal losses in copper.

LME aluminium dipped 0.4% to $2,414.50 a lot, nickel. edged down 0.2% at $16,590, zinc fell 0.5% to. $ 2,826, lead relieved 0.3% to $2,053.50, while tin. edged up 0.1% to $31,400.

SHFE aluminium fell 0.5% to 19,560 yuan a heap, zinc. dropped 0.7% to 23,675 yuan, lead edged down. 0.1% at 17,335 yuan, tin dropped 1.5% to 256,320 yuan. while nickel edged up 0.1% at 128,950 yuan.

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DATA/EVENTS AHEAD (GMT)

1345 United States S&P Global Mfg PMI Final August

1400 US ISM Manufacturing PMI August

(source: Reuters)