Copper, other base metals to trade lower on weak China manufacturing data
· COMEX Copper declines on strong dollar
· 'Chinese aluminium imports advance 40% y/y in September'
· Iron ore prices will fall further: China Steel Association
· US Zinc to raise zinc oxide and dust prices by 5-7%
· German steel industry loses momentum, blast furnace closures likely
· Will commodity relief rally sustain?
· Collahuasi copper mine strike ends, Chile production falls 1.9%
· Mixed trend in LME prices; Lead advances 1.7%
· COMEX Copper posts biggest weekly rally in over 30 years
· Metals-Energy Update: Copper, silver gain over 7% as commodities rally
Base metals to be impacted by both bullish and bearish factorsZinc market to be in deficit in 2012
Zinc prices have been weak due to a surplus in zinc markets. However, this might be about to change as one analyst claims that the zinc markets may be in deficit in 2012
Metals, energy weaken on China data, MF Global collapse
On Tuesday Brent Crude prices have fallen 1.5% to $107.89 a barrel while WTI crude prices have falen 1.79% to $91.52 per barrel. US copper futures have fallen 2.12% to $3.55/lb. .
LME prices in red; zinc the only base metal in green
The Base metals and Steel billets futures declined on the London Metal Exchange on Friday. Aluminium Alloy, aluminium, copper, nickel, lead, tin and steel closed in negative while zinc remained the only base metal to gain at 1918 a metric ton.
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