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slightly up after three sessions of decline

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


Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.2%.
Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.2%.

Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.2% to $9,163.50 a tonne. It had fallen to $9,107 a tonne, its lowest since Sept. 11, in the previous session.

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

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

A stronger dollar makes metals priced in greenbacks more expensive for holders of foreign currencies.

“We believe copper is at the lower end of its trading range and expect prices to recover moderately 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 will mean for the global economy also weighed on sentiment," ANZ Research said in a note.

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

Among other metals, LME aluminium CMAL3 edged down 0.02% to $2,562.50 a tonne, nickel CMNI3 edged up 0.3% to $15,945, zinc CMZN3 edged up 0.3% to $2,948, while lead CMPB3 rose 0.5% to $2,033.50 and tin CMSN3 fell 0.7% to $30,000.

SHFE aluminium SAFcv1 fell 1.5% to 20,800 yuan/tonne, nickel SNIcv1 fell 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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