Metal futures markets: zinc and copper futures rose as the dollar rally suspension|weld fittings

 

SHMET10 7th, Reuters:
* Dollar index rallied for 12 weeks after rally in pause
* The cycle of copper fell for the sixth week
* Light volume in the market, was closed for China and other markets
Reuters, October 6-zinc, copper and other base metals rose Monday due to strong United States payrolls data cemented investors ' confidence in economic growth, in addition, paused for breath after recent dollar strength.
Market volume was light due to China's markets were closed for a national holiday. Singapore and Australia part of the market also closed due to public holiday.
"Last Friday's stronger-than-expected jobs data helped lift market sentiment, good popularity spread from the stock market to the metals market was no surprise," said Director Nic Brown of Natixis commodity research.
Index LME three-month zinc was today's biggest base metals, climbing 1.94% tonne to $ 2,310.
Three-month copper rose 1.02% and submitted to 6,710 dollars per tonne.
Both metals are continuing from Friday's rally, ended the day 0.6%, copper rebounded after hitting five-month lows last week.
Data released Friday showed that United States rise in September non-farm jobs to 248,000, beating analysts ' estimates, the unemployment rate fell to its lowest level since July 2008 5.9%.
Rally paused on Monday after the dollar rallied for 12 weeks. It also helped boost metal prices.
Copper futures last week fell by more than 1%, fell for the sixth week. Consists of six major base metals LME index has accumulated over the past month have fallen 6%, but whether the future will further decline is not clear, Brown said.
INTL FCStone, said Edward Meir, an analyst, decelerating economic growth in China is likely to continue this month weight of base metals, including zinc.
Other base metals, three-month aluminum ended without a deal, the last bid price at $ 1,929 a metric ton, up 0.89%. Three-month lead rose to 1.2%, at $ 2,103 a tonne. Three-month nickel rose 0.91%, a tonne to $ 16,700. Three-month Tin rallied to 0.64%, closing at 20,480 dollars per ton. 

SHMET10 7th, Reuters:

 

 

* Dollar index rallied for 12 weeks after rally in pause

 

 

* The cycle of copper fell for the sixth week

 

 

* Light volume in the market, was closed for China and other markets

 

 

Reuters, October 6-zinc, copper and other base metals rose Monday due to strong United States payrolls data cemented investors ' confidence in economic growth, in addition, paused for breath after recent dollar strength.

 

 

Market volume was light due to China's markets were closed for a national holiday. Singapore and Australia part of the market also closed due to public holiday.

 

 

"Last Friday's stronger-than-expected jobs data helped lift market sentiment, good popularity spread from the stock market to the metals market was no surprise," said Director Nic Brown of Natixis commodity research.

 

 

Index LME three-month zinc was today's biggest base metals, climbing 1.94% tonne to $ 2,310.

 

 

Three-month copper rose 1.02% and submitted to 6,710 dollars per tonne.

 

 

Both metals are continuing from Friday's rally, ended the day 0.6%, copper rebounded after hitting five-month lows last week.

 

 

Data released Friday showed that United States rise in September non-farm jobs to 248,000, beating analysts ' estimates, the unemployment rate fell to its lowest level since July 2008 5.9%.

 

 

Rally paused on Monday after the dollar rallied for 12 weeks. It also helped boost metal prices.

 

 

 

 

Copper futures last week fell by more than 1%, fell for the sixth week. Consists of six major base metals LME index has accumulated over the past month have fallen 6%, but whether the future will further decline is not clear, Brown said.

 

 

INTL FCStone, said Edward Meir, an analyst, decelerating economic growth in China is likely to continue this month weight of base metals, including zinc.

 

 

Other base metals, three-month aluminum ended without a deal, the last bid price at $ 1,929 a metric ton, up 0.89%. Three-month lead rose to 1.2%, at $ 2,103 a tonne. Three-month nickel rose 0.91%, a tonne to $ 16,700. Three-month Tin rallied to 0.64%, closing at 20,480 dollars per ton. 

 

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