Copper metal price on October 28: slight increase

Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.3% to $9,536 a tonne, while the most-traded December copper contract on the Shanghai Futures Exchange (SHFE) SCFcv1 rose 0.1% to 76,600 yuan ($10,749.97) a tonne.

LME copper is on track for a fourth consecutive weekly decline. SHFE copper is also set to decline this week.

China has announced a series of support measures to boost growth but the scale of the support has so far failed to ease concerns about demand.

LME aluminium CMAL3 fell 1.7% to $2,605.50 a tonne, down from a near five-month high hit in the previous session on concerns about raw material supplies.

LME zinc CMZN3 fell 1.4% to $3,130, but was set to post a weekly gain after hitting a 20-month high on Thursday due to tight supplies in the short term.

LME nickel CMNI3 fell 0.4% to $16,230, lead CMPB3 fell 0.2% to $2,070 and tin CMSN3 fell 0.4% to $31,000.

SHFE aluminium SAFcv1 fell 1.2% to 20,785 yuan/t, zinc SZNcv1 fell 0.4% to 25,245 yuan, tin SSNcv1 fell 0.4% to 253,750 yuan, while nickel SNIcv1 rose 0.3% to 126,310 yuan and lead SPBcv1 edged up 0.2% to 16,790 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-28-10-tang-nhe.html