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London copper: falling prices

07/08/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Pénalisés par la fermeté du dollar et les With growing concerns about the American and Chinese economies, copper prices in London fell on Wednesday, while those in Shanghai rose acute;.

Three-month copper on the London Metal Exchange lost 0.5% to $8,886 per metric ton at 05:22 GMT, reversing the gains of the previous session and falling to its lowest level in over four and a half months. However, the most traded copper contract in September on the Shanghai Futures Exchange gained 0.3% to 71,380 yuan ($9,937.21

) per ton.

Elsewhere, SHFE aluminum increased by 0.5% to 18,930 yuan per ton, tin added 1.1% to 244,800 yuan, while nickel fell 0.2% to 244,800 yuan, while nickel fell 0.2% to 128,710 yuan, and zinc fell 1.2% to 21,885 yuan. LME aluminum fell by 0.3% to $2,290 per ton, zinc fell by 0.7% to $2,583, nickel fell by 0.7% to $16,275, while tin rose by 0.2% to $29,700

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