Aluminum dropped after weak US numbers

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Industrial metals were mixed on Friday amid dismal US data and positive China's numbers. China's GDP climbed by annualized 7.9% in Q4 of 2012 compared to forecasts of a 7.8% expansion. At the same time, US UoM consumer sentiment dropped to a seasonally adjusted 71.3 in December compared to estimates of an increase to 75.0.

Aluminum dipped on an unexpected decline in the US consumer sentiment and firm US Dollar. Elevated LME stocks also continued to send the light metal lower. However, the downward trend was restricted by upbeat China's data.

Copper inched up on encouraging China's figures. Moreover, hopes for further easing in Japan supported the red metal. At the same time, high LME inventories coupled with weak China's copper imports capped gains.

Nickel moved lower, tracking negative US numbers. Profit-taking after Thursday's jump as well as firmness in the US Dollar also sent the metal lower.

Zinc was the top-performer on hopes for further increase in spending on infrastructural projects in China to accelerate the pace of growth. However, excessive supply on the physical market continued to weight on the metal.
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