LME nickel and zinc rose on Monday, after a sharp decline in late last week, copper prices held steady, but China’s demand worries and the dollar stronger limit gains.
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“We are trying to build the bottom because the price has fallen from the recent highs,” said Robin Bhar, head of metal at Societe Generale.
Three-month zinc did not reach a deal, but the offer rose 2.4 percent to $ 3,103 a tonne, dropping to $ 3,000 a week on Friday.
Three-month nickel rose 0.5% to $ 10,475 a tonne, after falling over 8% on Thursday and Friday, when the Shanghai Futures Exchange raised its handling fee to limit speculative trading.
Three-month copper rose 0.1% to $ 6,460 a tonne. Hit $ 6,366 on Friday, the lowest level since August 16.
Three-month aluminum fell 0.5 percent to $ 2,147 a tonne; three-month lead rose 1 percent to $ 2,507 a tonne; three-month tin rose 0.2 percent to $ 20,575 per tonne.
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