LME base metals drop on Friday
Xinhua, February 28, 2015 Adjust font size:
The base metal prices on the London Metal Exchange (LME) closed lower on Friday.
New order for U.S. manufactured durable goods rebounded in January after falling for two consecutive months, the U.S. Commerce Department reported Thursday.
Order for durable goods rose 2.8 percent in January from a month ago to 236.1 billion U.S. dollars, following a 3.7 percent decrease in December and 2.2 percent drop in November 2014.
Good economic data from the U.S. strengthened the U.S. dollar, weighing on the base metals prices.
The three-month unofficial copper price dropped 19.5 U.S. dollars, or 0.33 percent, to 5,853 U.S. dollars per tonne.
The three-month unofficial aluminium price lost 3.5 U.S. dollars, or 0.19 percent, to 1,804 U.S. dollars a tonne.
The three-month unofficial lead price lost 21.5 U.S. dollars, or 1.23 percent, to 1,733.5 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price lost 12.5 U.S. dollars, or 0.6 percent, to 2,063 U.S. dollars a tonne.
The three-month unofficial nickel price lost 350 U.S. dollars, or 2.43 percent, to 14,030 U.S. dollars a tonne.
The three-month unofficial tin price lost 400 U.S. dollars, or 2.21 percent, to 17,675 U.S. dollars a tonne. Endit