Copper metal prices today, June 15, decreased due to weak demand from China.

Three-month copper on the London Metal Exchange CMCU3 fell 0.3%.

Three-month copper on the London Metal Exchange (LME) CMCU3 fell 0.3 percent to $10,115 a tonne. It traded almost unchanged on the week.

The most-traded July copper contract on the Shanghai Futures Exchange (SHFE) SCFcv1 rose 1.1% to 81,850 yuan ($11,296.82) a tonne.

Expectations of a Federal Reserve interest rate cut in September have increased after data this week showed the US labor market is cooling.

The US dollar hovered near an eight-week low, making it cheaper to buy commodities priced in the greenback.

In China, copper demand has been hit by the recent price surge, with copper prices rising to a record high above $11,000 in late May, partly due to funds betting on the metal’s use in green energy and potential shortages.

LME aluminium CMAL3 rose 0.2% to $2,651.50 a tonne, nickel CMNI3 rose 0.6% to $18,645, zinc CMZN3 rose 0.4% to $2,920.50, tin CMSN3 rose 0.7% to $32,425 and lead CMPB3 was little changed at $2,241.50.

SHFE aluminum SAFcv1 rose 0.6% to 21,345 yuan/t, lead SPBcv1 rose 0.1% to 18,845 yuan, tin SSNcv1 rose 2.3% to 267,060 yuan, zinc SZNcv1 rose 0.9% to 24,215 yuan and nickel SNIcv1 rose 0.6% to 142,830 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-15-6-giam-do-nhu-cau-cua-trung-quoc-yeu.html