LME base metals close lower on Tuesday

The base metals prices on the London Metal Exchange (LME) closed lower on Tuesday.

The U.S. dollar index became stronger due to good economic data from the United States.

U.S. sales of new single-family house in April 2015 were at a seasonally adjusted annual rate of 517,000, beating market consensus, the U.S. Commerce Department said Tuesday.

Besides, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that the 10-City Composite gained 4.7 percent year on year in March, while the 20-City Composite added 5 percent.

The three-month unofficial copper price dropped 52 U.S. dollars, or 0.84 percent, to 6,127 dollars per tonne.

The three-month unofficial aluminium price lost 17 dollars, or 0.96 percent, to 1,754 dollars a tonne.

The three-month unofficial lead price lost 23 dollars, or 1.17 percent, to 1,941 dollars a tonne.

Besides, the three-month unofficial zinc price lost 4 dollars, or 0.18 percent, to 2,181 dollars a tonne.

The three-month unofficial nickel price lost 147.5 dollars, or 1.14 percent, to 12,762.5 dollars a tonne.

The three-month unofficial tin price lost 287.5 dollars, or 1.82 percent, to 15,537.5 dollars a tonne. Endit