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Shanghai base metals were mostly lower on Wednesday morning as investors digested hotter-than-expected U.S. inflation data and corporate earnings. Meanwhile, their counterparts on the LME declined across the board.
SHANGHAI, Jul 14 (SMM) Shanghai base metals were mostly lower on Wednesday morning as investors digested hotter-than-expected U.S. inflation data and corporate earnings. Meanwhile, their counterparts on the LME declined across the board.
Shanghai base metals closed mixed in overnight trading. Copper slid 0.22%, zinc declined 0.72% and lead weakened 0.76%, while nickel climbed 0.26%, tin rose 0.24% and aluminium increased 0.31%.
The LME complex performed similarly on Tuesday. Nickel climbed 0.27%, tin rose 1.36% and aluminium increased 1.76%, while copper slid 0.57%, zinc declined 0.39% and lead weakened 0.84%.