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Copper, Zinc, Aluminum Fall Limit in China on Commodities Slump
Contact nowSingapore, March 18 (Bloomberg) - Copper, zinc and aluminum declined by the exchange-imposed daily limit in Shanghai, following losses on the London Metal Exchange on concern a recession in the U.S. will curb demand for raw materials.
Copper for June delivery on the Shanghai Futures Exchange fell 2,710 yuan, or 4 percent, from the previous settlement price to 65,090 yuan ($9,191) a metric ton in early trade. The contract traded at 65,540 yuan a ton as of 9:06 a.m. local time.
Aluminum for June delivery also fell by the 4 percent daily limit, or 800 yuan, to 19,220 yuan a ton, and stood at 19,320 yuan a ton at 9:07 a.m. in Shanghai.
Zinc for April delivery fell by 860 yuan to 20,525 yuan a ton and traded at that level at the same time.
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