Thursday, 4 June 2015

Live Commodity Market Research on Base Metals

Base metals on the LME apart from Copper and Nickel traded higher yesterday as the dollar reversed direction touching its lowest against the euro in over two weeks after the European Central Bank kept monetary policy steady. Also, metals drew support from data showing China's services sector accelerated in May, as new business rose at the fastest pace in three years, while housing sales in major cities rose 37.4 percent.

Copper
LME Copper prices fell by 0.5 percent on Wednesday as supply glut concerns continue to weigh on the leader meal. Also, gain of 0.4 percent in LME stocks exerted pressure on prices.

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