Copper advanced on bargain buying

Note: This section contains information in English only.
Source: Dukascopy Bank
Industry metals were slightly higher on Thursday as recent price fall created  bargain buying opportunities for investors.

Aluminum was the top-loser despite expectation for stable demand from Japan and recent drop in the stockpiles at LME.

Copper rose by 0.63% on the increased dip buying and falling stocks at the main exchange warehouses. However, soft equities and weak China's imports capped the upswing.

Nickel ended lower as short-term demand concerns outweighed recent reduction of the world surplus estimate by International Nickel Study Group.

Zinc followed bullish trend amid growing copper's price. However, the upside is likely to be limited as International Lead and Zinc Study Group has increased its forecast for global zinc surplus in 2012.


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