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On August 1, the LME metals were reviewed

by:Deyuan      2020-12-23
London, on August 1, the London metal exchange ( LME) Copper futures ended down on Monday, dragged down by the decline in crude oil prices and a stronger dollar, U. S. manufacturing activity is slowing and Chinese manufacturing data showed sluggish growth also suppress copper prices fell.

London time on August 1, 16:00 ( Beijing time on August 2, 00:00) Three-month copper closed down 0. 9%, to $4882 per ton.

as of closing, the Wall Street journal index rose $0. 12%. Copper in dollar terms, when the dollar, copper prices relative to the investors with funds in non-dollar currencies become more expensive.

, traders said the institute for supply management ( ISM) U. S. manufacturing activity fell, triggering market sell-off.

China's macro economic leading indicators manufacturing PMI index edged down in July to from offline, for the first time in five months, the statistics bureau said, overall manufacturing situation stabilized, recent floods in some parts of the market demand growth is the main reason for the manufacturing PMI declined slightly in July.

goods released late on Monday the new China manufacturing PMI index trend with the official PMI is different, the output and new business growth, caixin manufacturing PMI strong back up to 50. 6 to 12 months for the first time came to expand range.

JohnMeyer SPAngel analyst said: & other; This is the bad news is good news, manufacturing survey by the Chinese authorities may have to seek further stimulus measures. ”

earlier expectations for more stimulus measures China copper prices rose to $4965.

the three-month nickel rose 0. 9%, to $10730 a tonne, up to more than a week earlier top $10800.

nickel ore supply concerns boost to the Philippines, but analysts said the high inventory means nickel prices jumped more than 20% so far this year may be excessive, they also supply other regions increase is expected to make up for the supply of the Philippines.

the three-month aluminum fell 0. 5%, to $1635 per ton.

the three-month zinc rose 1. 1%, to $2268 per ton.

the three-month lead little changed, from Friday's close of $1823 to $1822 per ton.

the three-month tin rose 0. 1%, to $17875 per ton.
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