quinta-feira, 07 de fevereiro, 2019

Copper operates on low with strong dollar and reduced liquidity for holiday in China

The covers operates on low on the morning of Monday, with the dollar recovering from recent losses against rivals, making the metal more expensive for holders of other currencies and reduced liquidity by the lunar new year, feridado in China, which keeps the markets closed in the country. At 10:05 (), the copper for March fell 0.47%, to $ $2.7600 a pound, on the Comex metals Division of the New York Mercantile Exchange (Nymex), while approximately 1 hour before a tonne of copper for delivery in three months at the London Metal Exchange (LME) down 0.40%, to $ $6,115.00. The turnover was global metals markets as China concluded a trading session cut in half with the arrival of the lunar new year holiday. But, although the Chinese market to be responsible for half of global demand for metals, the recent rally in base metals occurred largely during business hours in the United States, according to the operator of Marex Spectron Alastair Munro. Investors still digest the outcome of the high-level dialogue between u.s. and Chinese authorities, who last week gave optimistic comments from side to side about the possibility of reaching a trade agreement. "We saw some progress made so far, but it seems that there are many terms which still has to consent," said the head of commodities research of Global Commodities BOCI, Xiao Fu. Among other metals traded on the LME, near the 9:00 ton of aluminum rose 0.51%, to $ $1,884.50, from 0.80%, the US won $2,780.00, Tin fell 0.07 percent, at $20,850.00, the advanced 0.67% nickel, at $12,755.00, and the lead down 0.31% , at $2,115.50.
IstoÉ - 04/02/2019 Noticia traduzida automaticamente
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