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Metals: Shanghai copper falls

06/05/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Amid a strengthening dollar and no clear improvement in demand in the struggling Chinese real estate market, copper prices in Shanghai fell on Monday, following losses in London.

While the Chinese markets were closed for vacation last week, the most traded copper contract in June on the Shanghai Futures Exchange (SHFE) fell by 0.7% to 81,180 yuan (11,254.84 dollars) per ton at noon break, following an overall drop of 0.8% on the London Metal Exchange. SHFE zinc lost 0.2% to 23,330 yuan, tin fell 0.6% to 259,820 yuan, while aluminum rose 0.7% to 20,745 yuan, lead rose 1.4% to 17,575 yuan, and nickel rose 0.4% to 17,575 yuan, and nickel rose 0.4% to 144,590

yuan.
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