Metal futures: Metals mixed on China data

摘要

Base metal price movement was mixed in a tight range in the London Metal Exchange (LME) morning session today as positive Chinese trade data was offset by bearish sentiment over the renewed spread of Covid-19 amid a halt to a leading trial of a vaccine. Initial support was provided by Asian equity markets fol- lowing the publication of data that showed Chinese exports rose by 9.9pc in September from a year earlier and imports were up by 13.2pc. The import figure was a sharp reversal from a 2.1pc drop in August and provided further indication of China’s economic recovery following the initial outbreak of Covid-19 early this year.