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LIVE METAL NEWS UPDATE BY TRADELINE India's No.1 Mcx Tips Provider Call Whatsapp 8533828881 / 8077792406

LIVE FUTURES REPORT 24/05: Softer dollar provides some relief for SHFE base metals; Cu up 0.7% Base metals prices on the Shanghai Futures Exchange were broadly up during morning trading on Friday May 24, with a softening in the dollar overnight providing much-needed relief to the complex. Copper, aluminium, lead and nickel were up between 0.3% and 0.8% on the SHFE this morning, while zinc and tin declined by 0.4% and 0.3% respectively.   The red metal’s most-traded July contract on the SHFE rose to 46,990 yuan per tonne as at 9.50am Shanghai time, up by 310 yu an per tonne, or 0.7%, from Thursday’s close of 46,680 yuan per tonne.A softening in the US currency overnight seems to be the main driver behind the strength in most of the SHFE base metals this morning. The do llar index, at 97.88 as at 9.50am Shanghai time, is down from a high of 98.38 on Thursday.   The weakness in the dollar follows disappointing US data overnight that saw the flash manufacturing purchasing managers