LIVE FUTURES REPORT 02/04: Firm dollar pressures SHFE base metals; zinc down 1.3% on profit-taking

Base metals prices on the Shanghai Futures Exchange were all down during morning trading on Tuesday April 2, with a firm US dollar weighing on the complex.

An element of profit-taking was also witnessed on Tuesday morning following Monday’s data-inspired strength. Zinc led the decline with the metal’s most-traded May contract sliding to 22,835 yuan ($3,403) per tonne as at 10.15am Shanghai time, down by 1.3% or 300 yuan per tonne from Monday’s close of 23,135 yuan per tonne. A strong performance by the US dollar overnight dampened investors’ appetite for commodities this morning, in turn pressuring base...

Published

Anna Xu

April 02, 2019

05:40 GMT

Shanghai