Weekly Fundamentals – Base Metal Prices Slumped on Concerns over Tightening in China

Posted December 9th, 2017 by CharliQmj7240359 and filed in General News

The selloff in base metals last week was broadly based. While was the worst performer (LME zinc contract for 3-month delivery sank -5.12%), what caught most attention was copper (down -3.83%). Despite recovery after a sharp decline on Tuesday, copper price has continued hovering around the lowest level since October. In our opinion, rising inventory, concerns over tightening in China…

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Weekly Fundamentals – Base Metal Prices Slumped on Concerns over Tightening in China

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