AIRLINK 205.80 Decreased By ▼ -7.02 (-3.3%)
BOP 10.09 Decreased By ▼ -0.16 (-1.56%)
CNERGY 6.69 Decreased By ▼ -0.31 (-4.43%)
FCCL 33.00 Decreased By ▼ -0.47 (-1.4%)
FFL 16.60 Decreased By ▼ -1.04 (-5.9%)
FLYNG 22.35 Increased By ▲ 0.53 (2.43%)
HUBC 127.50 Decreased By ▼ -1.61 (-1.25%)
HUMNL 14.06 Increased By ▲ 0.20 (1.44%)
KEL 4.76 Decreased By ▼ -0.10 (-2.06%)
KOSM 6.42 Decreased By ▼ -0.51 (-7.36%)
MLCF 42.40 Decreased By ▼ -1.23 (-2.82%)
OGDC 212.60 Decreased By ▼ -0.35 (-0.16%)
PACE 6.97 Decreased By ▼ -0.25 (-3.46%)
PAEL 41.25 Increased By ▲ 0.08 (0.19%)
PIAHCLA 16.78 Decreased By ▼ -0.05 (-0.3%)
PIBTL 8.31 Decreased By ▼ -0.32 (-3.71%)
POWER 8.81 No Change ▼ 0.00 (0%)
PPL 183.75 Increased By ▲ 0.72 (0.39%)
PRL 38.52 Decreased By ▼ -1.11 (-2.8%)
PTC 24.20 Decreased By ▼ -0.53 (-2.14%)
SEARL 96.77 Decreased By ▼ -1.24 (-1.27%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 40.75 Decreased By ▼ -0.98 (-2.35%)
SYM 18.01 Decreased By ▼ -0.85 (-4.51%)
TELE 8.84 Decreased By ▼ -0.16 (-1.78%)
TPLP 12.35 Decreased By ▼ -0.05 (-0.4%)
TRG 64.97 Decreased By ▼ -0.71 (-1.08%)
WAVESAPP 10.50 Decreased By ▼ -0.48 (-4.37%)
WTL 1.82 Increased By ▲ 0.03 (1.68%)
YOUW 4.01 Decreased By ▼ -0.02 (-0.5%)
BR100 11,786 Decreased By -80.4 (-0.68%)
BR30 35,610 Decreased By -87.3 (-0.24%)
KSE100 112,889 Decreased By -1259 (-1.1%)
KSE30 35,527 Decreased By -425.1 (-1.18%)

Base metals slipped into negative territory on Tuesday despite positive Chinese services data, as investors locked in profits on recent gains in nickel and copper. The most-traded nickel contract on the Shanghai Futures Exchange closed down 1 percent at 91,940 yuan ($13,901.03) a tonne.
The most active rebar on the ShFE closed 0.35 percent lower, after hitting its strongest since Sept. 6 in the previous session. ShFE copper finished 1.3 percent lower, while aluminium ended 0.79 percent down. Earlier in the day, UBS raised its forecast for electric vehicles, which eventually led to an upgrade in the 2020-2021 nickel outlook. However, the brokerage warned that a vast inventory pile of metal and ore means it will be difficult to see nickel prices above the marginal mining costs of $6 per pound ($13,230 a tonne).

Comments

Comments are closed.