AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.00 Decreased By ▼ -0.53 (-0.41%)
BOP 6.76 Increased By ▲ 0.08 (1.2%)
CNERGY 4.50 Decreased By ▼ -0.13 (-2.81%)
DCL 8.70 Decreased By ▼ -0.24 (-2.68%)
DFML 41.00 Decreased By ▼ -0.69 (-1.66%)
DGKC 81.30 Decreased By ▼ -2.47 (-2.95%)
FCCL 32.68 Decreased By ▼ -0.09 (-0.27%)
FFBL 74.25 Decreased By ▼ -1.22 (-1.62%)
FFL 11.75 Increased By ▲ 0.28 (2.44%)
HUBC 110.03 Decreased By ▼ -0.52 (-0.47%)
HUMNL 13.80 Decreased By ▼ -0.76 (-5.22%)
KEL 5.29 Decreased By ▼ -0.10 (-1.86%)
KOSM 7.63 Decreased By ▼ -0.77 (-9.17%)
MLCF 38.35 Decreased By ▼ -1.44 (-3.62%)
NBP 63.70 Increased By ▲ 3.41 (5.66%)
OGDC 194.88 Decreased By ▼ -4.78 (-2.39%)
PAEL 25.75 Decreased By ▼ -0.90 (-3.38%)
PIBTL 7.37 Decreased By ▼ -0.29 (-3.79%)
PPL 155.74 Decreased By ▼ -2.18 (-1.38%)
PRL 25.70 Decreased By ▼ -1.03 (-3.85%)
PTC 17.56 Decreased By ▼ -0.90 (-4.88%)
SEARL 78.71 Decreased By ▼ -3.73 (-4.52%)
TELE 7.88 Decreased By ▼ -0.43 (-5.17%)
TOMCL 33.61 Decreased By ▼ -0.90 (-2.61%)
TPLP 8.41 Decreased By ▼ -0.65 (-7.17%)
TREET 16.26 Decreased By ▼ -1.21 (-6.93%)
TRG 58.60 Decreased By ▼ -2.72 (-4.44%)
UNITY 27.51 Increased By ▲ 0.08 (0.29%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,450 Increased By 43.4 (0.42%)
BR30 31,209 Decreased By -504.2 (-1.59%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Prices of copper and other base metals in London climbed on Tuesday as traders welcomed top metals consumer China’s decision to cut borrowing cost for the first time in 10 months to prop up its economic growth.

China’s central bank lowered its seven-day reverse repo rate for the first time since August, in a move that typically signals potential changes in longer-term rates, to restore market confidence and prop up a stalling post-pandemic recovery.

Base metals are widely used across industries, so better economic growth is likely to boost demand for metals.

Three-month copper on the London Metal Exchange rose 0.2% to $8,327 per metric ton by 0300 GMT, while the most-traded July copper contract on the Shanghai Futures Exchange was up 0.1% at 67,150 yuan ($9,373.26) per metric ton.

Copper under pressure ahead of China data, Fed decision

A softer dollar, pressured by caution ahead of key US inflation data due later in the day, also helped make greenback-priced cheaper to holders of other currencies.

LME aluminium advanced 0.3% to $2,235.50 per metric ton, zinc rose 0.5% to $2,361, nickel rose 1.2% to $21,000, lead fell 0.5% to $2,063.50, tin decreased 0.4% to $25,800.

SHFE aluminium fell 0.2% to 18,290 yuan per metric ton, nickel dropped 1.3% to 160,880 yuan, zinc was almost unchanged at 19,825 yuan, tin fell 1.2% to 209,990 yuan while lead shed 0.6% to 15,320 yuan.

Comments

Comments are closed.