Wednesday, 22 April 2015

Metals Insight Report By Marketmagnify

Copper settled down by -1.67% at 374.55 amid the Chinese policymakers speculation to impulse the economic growth. Last week, Chinese authorities surprisingly announced that the amount of minimum deposits banks are required to hold are lowered to 18.5% from 19.5%.

Zinc settled up by 0.72% at 138.95 as China stepping up stimulus boosted the demand outlook in the biggest consumer. The market lacked solid macroeconomic news overnight. Earnings reports from US companies were mixed. Greek crisis overshadowed the market. ZEW’s April economic climate index for Germany was 53.3, falling short of market expectations.

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