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Metals prices robust following Chinese stimulus
Zinc led the advance with a 1.7% increase to $2,497 per tonne, followed by copper that was up by 1.1% at $5,973 per tonne. Tin was the laggard with a 0.1% gain, but it has been the most energetic on the upside for the three-month LME base metals, with prices up by 14% since late-November last year.
Volume across the LME base metals complex has been high with 10,153 lots traded as at 6.55am London time – across-the-board gains and high volume bode well.
Precious metals prices were also firmer this morning – led by a 0.6% in platinum, while the rest were up between 0.1% and 0.2%, with gold recently quoted at $1,291.50 per oz.
In China, base metals prices on the Shanghai Futures Exchange were also up across the board with gains averaging 1.2% – led by a 2.4% rise in the February zinc contract, with the May nickel contract up by 1.7% and the February copper contract up by 1.1% at 47,390 yuan ($7,006) per tonne.
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Metals prices robust following Chinese stimulus
Zinc led the advance with a 1.7% increase to $2,497 per tonne, followed by copper that was up by 1.1% at $5,973 per tonne. Tin was the laggard with a 0.1% gain, but it has been the most energetic on the upside for the three-month LME base metals, with prices up by 14% since late-November last year.
Volume across the LME base metals complex has been high with 10,153 lots traded as at 6.55am London time – across-the-board gains and high volume bode well.
Precious metals prices were also firmer this morning – led by a 0.6% in platinum, while the rest were up between 0.1% and 0.2%, with gold recently quoted at $1,291.50 per oz.
In China, base metals prices on the Shanghai Futures Exchange were also up across the board with gains averaging 1.2% – led by a 2.4% rise in the February zinc contract, with the May nickel contract up by 1.7% and the February copper contract up by 1.1% at 47,390 yuan ($7,006) per tonne.
For More Information Contact Us-9719026661
https://api.whatsapp.com/send?phone=919720003255
www.royaltraders.co
Best Accuracy Of RoyalTraders
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