Slight increase in Chinese market

The most-traded September copper futures on the Shanghai Futures Exchange rose 0.2%.

Three-month copper on the London Metal Exchange fell 0.5% to $9,210 a tonne, while the most-traded September copper contract on the Shanghai Futures Exchange (SHFE) rose 0.2% to 73,800 yuan ($10,325.43) a tonne.

China’s physical copper demand has improved slightly in recent weeks, with prices falling 4.4% in June and 3.9% in July.

But a strong recovery in consumer demand remains uncertain amid slowing economic growth and troubles in the country's real estate sector.

A strike at Escondida, the world's largest copper mine, was also averted, easing supply concerns and putting pressure on copper prices.

The LME cash copper contract is trading at a discount of more than $100/tonne to the three-month contract, indicating ample supply in the short term.

Hopes for Chinese demand, falling dollar lifts copper

LME aluminium fell 0.5% to $2,433.50 a tonne, nickel fell 0.4% to $16,600, zinc fell 0.3% to $2,779, tin fell 0.8% to $32,300 and lead fell 0.2% to $2,036.

SHFE aluminium rose 0.9% to 19,650 yuan a tonne, nickel rose 0.6% to 129,610 yuan, tin rose 0.2% to 263,120 yuan while zinc fell 0.3% to 23,215 yuan and lead fell 0.4% to 17,590 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-26-8-tang-nhe-tai-thi-truong-trung-quoc.html