Feb. 22 (Bloomberg) --Copper fell for a second day as declines in equity markets cooled demand expectations.
-- Copper dropped $150.50, or 1.5 percent, to $9,659.50 a metric ton by 7:58 a.m. on the London Metal Exchange. Relative Strength Index 49.
-- Aluminum fell 0.9 percent to $2,557.50 a ton. RSI 59.
-- Zinc declined 2.7 percent to $2,526 a ton. RSI 57.
-- Lead decreased 1.7 percent to $2,628.50 a ton. RSI 57.
-- Nickel slipped 0.8 percent to $29,062 a ton. RSI 68.
-- Tin retreated 1.1 percent to $31,980 a ton. RSI 69.
Other markets: Last % Change % YTD
U.S. Dollar Index 78.18 0.6 -1.1
Brent Crude Oil $107.94 2.1 14.0
Gold $1,400.80 -0.4 -1.4
MSCI World Index 1,351.52 -0.5 5.6
Economic Events:
Forecast Prior Time
(London)
US S&P/CS 20 City -0.5% -0.54% 14:00
US Consumer Confidence 65.0 65.6 15:00
US Richmond Fed Manuf. Index 18 18 15:00
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn