Nickel Falls to 3-Week Low on LME on China Property: LME Preview

Nickel dropped to a three-week low in London after China Business News said the government may impose real-estate curbs next month.

Market News:

Metals News:

Metals Prices:


-- Copper declined 0.3 percent at $8,098.25 a metric at 7:37
a.m. on the London Metal Exchange. Relative strength index 47.
-- Aluminum slipped 0.4 percent to $2,109 a ton. RSI 53.
-- Nickel dropped 0.6 percent to $17,750 a ton. RSI 45.
-- Lead slipped 0.4 percent to $2,381.75 a ton. RSI 50.
-- Tin was down 1.7 percent at $23,900 a ton. RSI 45.
-- Zinc fell 0.4 percent to $2,146.50 a ton. RSI 54.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     80.58           -0.1        1.0
Crude Oil            $95.40           -0.5        3.9
Gold              $1,613.77            0.2       -3.7
MSCI World Index   1,409.18            0.1        5.3

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
GE Zew Survey                        35        31.5     10:00
EC Construction Output               --        -0.4%    10:00

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@abloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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