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Metal prices go up due to FED’s slowdown in interest rate hike

5 Oct 2022 16:10 reported by Stanley Wang

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On October 4, the six key basic metal prices, including nickel, zinc, aluminum, copper, lead, and tin, at London Metal Exchange (LME) went up because the market expected the US Federal Reserve (FED) to slow down interest rate hikes, weakening the US dollars and further putting the metal prices up.

Among them, the nickel future price increased to US$22,055/ton. Also, the zinc and aluminum prices at LME went up to US$2,968/ton and US$2,348/ton, respectively.

The outlook for metals was expected to be on the high side.

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Metal Price Index

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LME Official Bid Price

  • Zinc
  • 2,911.00
  • 2,908.00
  • Aluminum
  • 2,315.00
  • 2,353.00
  • Copper
  • 7,965.00
  • 7,980.00
  • Nickel
  • 25,200.00
  • 25,300.00

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Coil Exchange Center

  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790
  • 2B Coil-Dec
  • 2,960
  • 2,820
  • NO1 Coil-Dec
  • 2,930
  • 2,790

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