Base metals apart from aluminum posted mild losses on Wednesday after Germany's export data weighted on market sentiment. In June, Germany's exports declined by 1.5% while industrial production of the country dropped by 0.9%.
Aluminum was the only gainer on building hopes for easing in the Eurozone. At the same time, elevating US wholesale inventories and strong US Dollar capped the upswing.
Copper retreated ahead of China's retail sales and industrial output data due on Wednesday. Meanwhile, slight drawdown in inventories supported the red metal.
Nickel was steady despite persistent surplus in the market and stronger US Dollar. Weak Germany's data also created heavy pressure on the metal.
Zinc slid further as inventories are remaining near record high levels. Negative manufacturing news from the Eurozone also sent zinc prices lower.