Mar. 20 (Bloomberg) - Copper declined on concerns that high inventories in Shanghai won’t be absorbed any time soon amid slowing growth in the world’s second-largest economy.
Market News:
Metals News:
Metal Prices:
-- Copper fell 0.5 percent to $8,527 a metric ton by 7:56
a.m. on the London Metal Exchange. Relative Strength Index 54.
-- Aluminum declined 0.4 percent to $2,265 a ton. RSI 52.
-- Zinc dropped 0.3 percent to $2,072 a ton. RSI 50.
-- Lead fell 0.5 percent to $2,094.75 a ton. RSI 45.
-- Nickel declined 0.5 percent to $18,950 a ton. RSI 41.
-- Tin dropped 0.1 percent to $23,570 a ton. RSI 51.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 79.527 0.1 -0.8
Crude oil $107.31 -0.7 8.6
Gold $1,654.18 -0.6 5.6
MSCI World Index 1,324.3 -0.1 12.0
Economic Events:
Forecast Prior Time
(London)
U.S. Housing Starts FEB 700K 699K 12:30
U.S. Building Permits FEB 686K 682K 12:30
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