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LME base metals end lower on Tuesday

Xinhua, August 19, 2015 Adjust font size:

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

U.S. new home sales climbed to the highest level in almost eight years in July. The good economic data push investors' expectations for when the Fed will start tightening policy.

The U.S. Department of Commerce said Tuesday that privately-owned housing prices were at a seasonally adjusted annual rate of 1,206,000 U.S. dollars in July, an increase of 0.2 percent from the revised June figure and 10.1 percent higher that the year-ago level.

The three-month unofficial copper price dropped 73 U.S. dollars, or 1.43 percent, to 5,026 U.S. dollars per tonne.

The three-month unofficial aluminium price lost 8.5 U.S. dollars, or 0.54 percent, to 1,559 U.S. dollars a tonne.

The three-month unofficial lead price lost 36 U.S. dollars, or 2.07 percent, to 1,699 U.S. dollars a tonne.

Besides, the three-month unofficial zinc price lost 49 U.S. dollars, or 2.68 percent, to 1,777 U.S. dollars a tonne.

The three-month unofficial nickel price lost 250 U.S. dollars, or 2.35 percent, to 10,387.5 U.S. dollars a tonne.

The three-month unofficial tin price lost 25 U.S. dollars, or 0.16 percent, to 15,362.5 U.S. dollars a tonne. Endit