Friday, 22 May 2015

Metals News and Update for Today

Zinc settled down -0.32% at 139.7 as market was plagued with market caution after data showed HSBC’s PMI for China fell short of market expectations. The number of US initial jobless claims last week increased 10,000.

Zinc trading range for the day is 136.9-142.9

Copper settled up 0.51% at 402.85 rebounded from the previous session's three week low on Thursday, as weak China factory activity reinforced views that Beijing will roll out fresh stimulus measures for the world's secondlargest economy.

Copper trading range for the day is 399.7-405.9.

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