LME base metals decline on Tuesday
Xinhua, September 23, 2015 Adjust font size:
The base metals prices on the London Metal Exchange (LME) closed lower on Tuesday.
U.S. existing home sales dropped 4.8 percent in August to a 5.31 million seasonally adjusted annual rate, marking the steepest month-to-month decline since January, the National Association of Realtors (NAR) said on Monday.
Besides, the International Copper Study Group (ICSG) said in its latest monthly bulletin that there are 2,000 tonnes surplus in June at the global refined copper market.
The three-month unofficial copper price dropped 207.5 U.S. dollars, or 3.94 percent, to 5,062.5 dollars per tonne.
The three-month unofficial aluminium price lost 33 dollars, or 2.04 percent, to 1,586.5 dollars a tonne.
The three-month unofficial lead price lost 12 dollars, or 0.71 percent, to 1,674 dollars a tonne.
Besides, the three-month unofficial zinc price lost 32 dollars, or 1.92 percent, to 1,633 dollars a tonne.
The three-month unofficial nickel price lost 200 dollars, or 2.03 percent, to 9,662.5 dollars a tonne.
The three-month unofficial tin price lost 425 dollars, or 2.79 percent, to 14,800 dollars a tonne. Endit