LME base metals decline mostly on Friday
Xinhua, February 7, 2015 Adjust font size:
The base metals prices on the London Metal Exchange (LME) closed lower mostly on Friday.
The rising U.S. dollars exchange rate weighed on base metals prices on Friday. The U.S. dollar index, an index of the value of the U.S. dollar relative to a basket of foreign currencies, rose 1.2 percent to 94.69 during Friday's trading session.
A stronger-than-expected U.S. jobs report helped the U.S. dollars go stronger.
Total nonfarm payroll employment rose by 257,000 in January, well above market expectation of 230,000, said the U.S. Labor Department Friday.
The three-month unofficial copper price dropped 7 U.S. dollars, or 0.12 percent, to 5,683 U.S. dollars per tonne.
The three-month unofficial aluminium price lost 4.5 U.S. dollars, or 0.24 percent, to 1,878 U.S. dollars a tonne.
The three-month unofficial lead price lost 6.5 U.S. dollars, or 0.35 percent, to 1,855.5 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price increased 14.5 U.S. dollars, or 0.68 percent, to 2,157.5 U.S. dollars a tonne.
The three-month unofficial nickel price increased 187.5 U.S. dollars, or 1.25 percent, to 15,200
U.S. dollars a tonne.
The three-month unofficial tin price lost 297.5 U.S. dollars, or 1.57 percent, to 18,625 U.S. dollars a tonne. Endit