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

9 December 2017 9 December 2017

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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...