Base metals fall on Chinese data

摘要

"Overnight and China's Industrial profits in May down 12.6 year-on-year albeit the Jan-May drop of 18.8 was an improvement on the 21 drop over the first four months," Al Munro from Marex's LME desk said. "You also had the authorities set the yuan fixing rate in line with market expectations rather than the stronger settles over first two days of this week. On the back of this our base metals trade lower."