Copper metal price today, October 10, has mixed movements on the two exchanges.

Three-month copper on the London Metal Exchange rose 0.3%.

The most-traded November copper contract on the Shanghai Futures Exchange (SHFE) fell 0.8% to 77,560 yuan ($10,975.73) a tonne.

Three-month copper on the London Metal Exchange (LME) rose 0.3 percent to $9,771.50 a tonne, but hovered near a two-week low hit in the previous session.

China, one of the world’s biggest consumers of base metals, has expressed confidence in hitting its full-year growth target. But the lack of full details of new or major measures has raised concerns about Beijing’s commitment to pulling the economy out of its current slump.

“The committee has only expressed confidence that economic growth is stable and sustainable. This is a rude awakening and once again shows how thin the air is after the recent rally in base metals,” Commerzbank said in a note. Analysts are now awaiting more details from the Treasury . The longer they wait, the more likely it is that metal prices will fall.”

SHFE aluminium fell 0.6% to 20,570 yuan a tonne, nickel fell 0.4% to 134,940 yuan, zinc fell 1.5% to 25,180 yuan, lead fell 0.4% to 16,890 yuan, while tin fell 1.2% to 265,170 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-10-10-dien-bien-trai-chieu-tren-2-san-giao-dich.html