LME base metals all fall on fears that trade war will be a drag on global economic growth-Shanghai Metals Market

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LME base metals all fall on fears that trade war will be a drag on global economic growth

Translation 11:12:16AM May 29, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

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.

Key Words:  Copper  aluminum  lead  zinc  nickel  tin  price forecast 

LME base metals all fall on fears that trade war will be a drag on global economic growth

Translation 11:12:16AM May 29, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

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.

Key Words:  Copper  aluminum  lead  zinc  nickel  tin  price forecast