LME base metals prices drop on Monday
Xinhua, October 27, 2015 Adjust font size:
The base metals prices on the London Metal Exchange (LME) dropped on Monday on demand concerns.
China's central bank cut its interest rates last Friday in an effort to boost growth.
But cheaper money could incentivise producers to increase capacity, an analyst from INTL FCStone said.
In metals, the three-month unofficial copper price dropped 6 U.S. dollars, or 0.12 percent, to 5,187 dollars per tonne.
In other metals, the three-month unofficial aluminium price lost 12 dollars, or 0.80 percent, to 1,489 dollars a tonne. The three-month unofficial lead price lost 2 dollars, or 0.11 percent, to 1,753 dollars a tonne.
Meanwhile, the three-month unofficial zinc price lost 13 dollars, or 0.74 percent, to 1,742 dollars a tonne.
The three-month unofficial nickel price lost 52.5 dollars, or 0.50 percent, to 10,462.5 dollars a tonne.
The three-month unofficial tin price lost 350 dollars, or 2.21 percent, to 15,475 dollars a tonne. Endit