London base metal futures rose on Wednesday except Lunal, which fell for three consecutive days to an one-week low. Lenny rose for two days to close 4.55%, rising more than $900a day to close at $20963 a tonne for the first time since Oct. 8, and closing close at $21000 for the first time in more than seven years.
Lun Zinc and Lun Copper ended their two-day losing streak, closing up about 1.6% after falling more than 5% on Tuesday, more than 6% less than the 14-year high set on Friday. Lun Copper closed above $10,000 for the fourth day in a row. Lunxi rebounded to close at $38215 a tonne, closing above $38000 for the first time and closing at an all-time high on the fourth day of the last five trading days.
Among the domestic non-ferrous metals, the performance of future nickel is also the best. In night trading, Shanghai nickel closed up 6.82%, the highest since listing. Shanghai lead closed up 3.5%, Shanghai tin rose nearly 3%, Shanghai zinc, which closed down more than 6% during the day, rose 1.2%, while Shanghai aluminum, which fell more than 6% during the day, closed down 0.24%.
New York gold and silver futures rose for two days in a row, while COMEX December gold futures closed up 0.8% at $1784.90 an ounce, closing above $1780 for the first time in the last four trading days. COMEX December silver futures closed up nearly 2.4% at $24.445 an ounce. Platinum also rose 0.5% to $1052.3 an ounce. Palladium fell back after two consecutive declines on Tuesday, closing down 0.9%.
