MORNING VIEW: Metals mainly stronger, broader markets mixed

Metal prices were mostly firmer on both the London Metals Exchange and the Shanghai Futures Exchange on Monday August 17, the exception was the SHFE September aluminium contract that was down by 0.3% while the rest of the metals on both exchanges were up by an average of 1.1%.

United States/China trade talks over the weekend were postponed. Japan’s preliminary gross domestic product fell by 7.8% in the second quarter. Base metals The London Metal Exchange three-month base metals prices were stronger this morning, led by a 1.3% rise in zinc to $2,401.50 per tonne, while copper was up by 0.7% at $6,407.50 per tonne. SHFE October nickel led on the upside with prices up by 1.8%, while September copper was up by 1.3% at 50,520 yuan ($7,282) per tonne. Precious metals Gold prices were up by...

Published

William Adams

August 17, 2020

10:35 GMT

London