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Slightly higher after three consecutive days of declines.

Báo Kinh tế và Đô thịBáo Kinh tế và Đô thị14/11/2024


CMCU3, a three-month contract on the London Metal Exchange (LME), rose 0.2%.
CMCU3, a three-month contract on the London Metal Exchange (LME), rose 0.2%.

Three-month copper futures on the London Metal Exchange (LME) CMCU3 rose 0.2% to $9,163.5 per ton. Prices had fallen to $9,107 per ton, the lowest level since September 11th, in the previous session.

The most actively traded December copper contract on the Shanghai Futures Exchange (SHFE), SCFcv1, fell 1.3% to 74,830 yuan ($10,359.96) per ton.

The US dollar held near a six-and-a-half-month high against major currencies as markets assessed so-called Trump moves ahead of key US inflation data later in the day.

A stronger US dollar makes metals priced in the greenback more expensive for those holding foreign currencies.

"We believe copper is lower within its trading range and anticipate a moderate price rebound next week," Sucden Financial said in a note.

Investors are also concerned about the impact of President-elect Donald Trump's policies on China.

"Uncertainty about what Donald Trump's return to the White House would mean for the global economy is also impacting sentiment," ANZ Research said in a note.

Adding to investor disappointment is the scale of China's recent stimulus measures aimed at restarting its sluggish economy.

Among other metals, LME aluminum CMAL3 fell 0.02% to $2,562.5 per ton, nickel CMNI3 rose 0.3% to $15,945, zinc CMZN3 edged up 0.3% to $2,948, while lead CMPB3 gained 0.5% to $2,033.5 and tin CMSN3 fell 0.7% to $30,000.

SHFE's aluminum SAFcv1 fell 1.5% to 20,800 yuan/tonne, nickel SNIcv1 dropped 1% to 126,250 yuan, lead SPBcv1 rose 1.6% to 17,230 yuan, zinc SZNcv1 edged down 0.8% to 24,705 yuan, while tin SSNcv1 fell 3.5% to 248,440 yuan.



Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-14-11-tang-nhe-sau-ba-phien-giam.html

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