Copper metal prices today, June 28, continued to decrease due to a stronger USD

Three-month copper on the London Metal Exchange CMCU3 fell 0.4%.

Three-month copper on the London Metal Exchange (LME) CMCU3 fell 0.4 percent to $9,533 a tonne.

The dollar steadied on Wednesday and traded above the 160 yen barrier as investors turned cautious and counted down to the release of US price data later in the week.

The most-traded July copper contract on the Shanghai Futures Exchange SCFcv1 fell 1.5% to 77,630 yuan ($10,684.60) a tonne.

“The red metal has been under pressure in recent days following weak economic data. The global outlook for manufacturing remains weak following flash PMIs in Europe and the US, compounded by high inventories of metals such as aluminium, copper and nickel,” ANZ Research said in a note.

LME aluminium CMAL3 fell 0.2% to $2,490 a tonne, nickel CMNI3 rose 0.3% to $17,210, zinc CMZN3 fell 0.1% to $2,868, lead CMPB3 fell 0.1% to $2,207 and tin CMSN3 fell 1.4% to $31,805.

SHFE aluminium SAFcv1 fell 0.8% to 20,195 yuan, nickel SNIcv1 fell 0.5% to 134,220 yuan, lead SPBcv1 rose 1.4% to 19,125 yuan while zinc SZNcv1 fell 0.04% to 23,690 yuan and tin SSNcv1 fell 3.5% to 263,320 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-28-6-tiep-tuc-giam-do-dong-usd-manh-hon.html