Wednesday, 15 April 2015

Latest News on Base Metals

Copper settled down -0.83% at 372.50 prices fell to a three-week low on Tuesday, as investors looked ahead to first quarter GDP data from China on Wednesday, which could show the pace of growth in the world's second largest economy has slowed further.

Copper trading range for the day is 366.3-378.1.

Zinc settled down -0.36% at 136.80 after a chart-based rally was cut short against a backdrop of growing doubts over the outlook for demand in top user China. LME zinc prices fell on depressed market sentiment yesterday.

Zinc trading range for the day is 135.4-137.6.

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