Price reductions due to economic instability.

Copper futures for delivery in three months on the London Metal Exchange (LME), CMCU3, fell 0.4%.

Copper futures for delivery in three months on the London Metal Exchange (LME) CMCU3 fell 0.4% to $8,827.50 per ton, while the most actively traded September copper contract on the Shanghai Futures Exchange (SHFE) SCFcv1 fell 0.1% to 71,370 yuan ($9,948.15) per ton.

Copper prices, often considered an economic indicator, fell early last week as concerns about a US economic recession triggered a sharp sell-off in financial markets.

Market sentiment improved after data showed on Thursday that the number of Americans filing for new unemployment benefits fell more than expected.

The U.S. will release consumer prices on Wednesday, where economists expect a 0.2% increase in both headline and core prices, while the annual core price is expected to decline slightly to 3.2%.

China will release retail sales and industrial production figures this week, which are expected to show the economy continuing to underperform, underscoring the need for further stimulus measures.

Demand for metals used in the electrical and construction sectors has slowed this year. However, recent price drops have encouraged more buying activity in China.

LME aluminum CMAL3 remained stable at $2,302/tonne, nickel CMNI3 fell 0.3% to $16,100, lead CMPB3 rose 0.4% to $2,046.50, tin CMSN3 increased 0.2% to $31,350, and zinc CMZN3 fell 0.1% to $2,734.

SHFE's aluminum SAFcv1 remained almost unchanged at 10,095 yuan per ton, nickel SNIcv1 fell 1.3% to 127,880 yuan, zinc SZNcv1 rose 2.2% to 22,885 yuan, lead SPBcv1 increased 1.4% to 17,930 yuan, and tin SSNcv1 rose 1% to 255,970 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-13-8-giam-gia-do-bat-on-kinh-te.html