LME OFFICIALS: Base metals prices fall on lingering Chinese disappointment

Base metals slipped further in official trading on the London Metal Exchange on Thursday December 18, on the lingering effects of disappointing economic data from China at the start of the week.

“HSBC’s disappointing Flash Purchasing Managers’ Index for Chinese industry appears to be having a greater impact than initially assumed,” a broker said, after the figure was revealed at 49.5 in December, down from 50 in November, its first contraction for seven months. The biggest price falls this week have been seen in the nickel market, which has dropped below $16,000 per tonne again. Three-month nickel settled at $15,500/525 per tonne, from its opening...

Published

Jethro Wookey

December 18, 2014

14:00 GMT

London

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