LME base metals declines on Tuesday
Xinhua, May 20, 2015 Adjust font size:
The base metal prices on the London Metal Exchange (LME) closed lower on Tuesday, due to the strong U.S. dollar index.
The U.S. dollars rise on Tuesday as the good economic data from the United States.
U.S. privately-owned housing starts in April were at a seasonally adjusted annual rate of 1.135 million, the highest level since November 2007, the Commerce Department announced Tuesday. This is 20.2 percent above the revised March estimate and is 9.2 percent above the April 2014 rate.
The three-month unofficial copper price dropped 158 U.S. dollars, or 2.48 percent, to 6,216 dollars per tonne.
The three-month unofficial aluminium price lost 36.5 dollars, or 2.00 percent, to 1,789.5 dollars a tonne.
The three-month unofficial lead price lost 32 dollars, or 1.62 percent, to 1,939 dollars a tonne.
Besides, the three-month unofficial zinc price lost 44 dollars, or 1.93 percent, to 2,238 dollars a tonne.
The three-month unofficial nickel price lost 572.5 dollars, or 4.16 percent, to 13,187.5 dollars a tonne.
The three-month unofficial tin price lost 12.5 dollars, or 0.08 percent, to 15,800 dollars a tonne. Endit