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LME base metals prices mixed on Tuesday

Xinhua, October 21, 2015 Adjust font size:

The base metals prices on the London Metal Exchange (LME) were mixed on Tuesday, with bearish sentiment prevailing on the market.

Copper price was around 5,200 U.S. dollars one tonne. The three-month unofficial copper price was up 14 U.S. dollars, or 0.27 percent, to 5,215 U.S. dollars per tonne.

One market analyst from FastMarkets said the base metals have run into resistance as prices consolidated after the Glencore-cutback rally.

In other metals, the three-month unofficial aluminium price lost 5 U.S. dollars, or 0.32 percent, to 1,539 U.S. dollars a tonne. The three-month unofficial lead price lost 2 U.S. dollars, or 0.11 percent, to 1,791 U.S. dollars a tonne.

Meanwhile, the three-month unofficial zinc price lost 8.5 U.S. dollars, or 0.47 percent, to 1,782.5 U.S. dollars a tonne. The three-month unofficial nickel price was up 50 U.S. dollars, or 0.48 percent, to 10,387.5 U.S. dollars a tonne. The three-month unofficial tin price was up 75 U.S. dollars, or 0.47 percent, to 16,025 U.S. dollars a tonne. Endit