SMM News: according to foreign news on May 29, the London Metal Exchange (LME) and the last issue of basic metal futures fell on Wednesday, as the US-China trade war shows no signs of easing, investors are worried about the prospect of global economic growth.
LME copper for three months fell 0.33 per cent to $5940.50 a tonne, while Shanghai Copper's main 1907 contract fell 0.70 per cent to $46900 a tonne.
LME three-month aluminium fell 0.42 per cent, nickel 0.07 per cent, zinc 0.74 per cent, lead 1.15 per cent and tin 0.72 per cent.
Shanghai aluminium fell 0.49 per cent and shanghai nickel fell 2.2 per cent after several days of gains driven by short covering.
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