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Commodity: copper prices are falling

30/01/2024
Source : ORISHAS FINANCE
Categories: Raw materials

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On Tuesday, copper prices in London fell but remained within a tight range. Investors and traders exercising caution ahead of the decision on key rates in the United States expected later in the week

.

At 03:01 GMT, three-month copper on the London Metal Exchange fell by 0.1% to 8,549.50 dollars per metric ton. The most traded copper contract in March on the Shanghai Futures Exchange rose by 0.1% to 69,020 yuan (9,616.30 dollars

) per ton.

LME aluminum fell by 0.5% to $2,253.50 per ton, nickel fell by 0.7% to $16,325, lead fell by 0.7% to $2,156.50, and tin fell by 0.3% to $2,156.50, and tin fell by 0.3% to $2,156.50, and tin fell by 0.3% to $2,156.50, and tin fell 0.3% to $26,260, while zinc increased by 0.3% to $2,559. SHFE aluminum fell 0.5% to 19,005 yuan, nickel fell 2.4% to 127,200 yuan, zinc lost 0.5% to 21,310 yuan, lead fell 0.4% to 16,190 yuan, and tin lost 1.1% to 218,640 yuan. Nickel is on track for a sixth monthly drop in a row with the LME and SHFE, due to the pressure exerted by the overabundance of supply

.
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