Base metals prices mostly went down yesterday (April 12) as fears of economic recession once again dampened the demand outlook, even as a softer US dollar provided certain support.
As of CST 13:52, LME copper dipped 0.02% to $8,915/mt, aluminum shed 0.02% to $2,324.5/mt,
Lead fell 0.09% to $2,127/mt, nickel lost 0.65% to $23,425/mt, zinc fell 0.11% to $2,782/mt, and tin declined 0.09% to $24,000/mt.
Analysts said that industrial metals will benefit from China's economic growth this year, but March copper import data reflected a weaker-than-expected demand recovery.
China's copper imports fell 19 percent in March from a year earlier, customs data showed on Thursday, as rising domestic production and rising global prices dampened buyer interest.
