Base metals ended last week on a positive note

Note: This section contains information in English only.
Source: Dukascopy Bank
Industry metals ended last week on a positive note as progress over the Greece receiving the second bailout package and improved situation in the US labour market both contributed to the rally. However, weaker global stocks and dismal China's data capped the upswing. Copper and nickel faced falling inventories and better spot demand that pushed the price for these metals up. Copper also drew some strength from a 17.1% rise of China's imports. Aluminium futures advanced by 1.54% but stockpiling at Shanghai warehouses limited the gains. Meanwhile, zinc inventories continued to hit record high levels restricting any jump of the metal's price.
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