首页|For week ending Friday, June 28, 2002 LME metals in Asia steady; Al up on weaker dollar
For week ending Friday, June 28, 2002 LME metals in Asia steady; Al up on weaker dollar
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NSTL
London Metal Exchange metals in Asia were mostly steady in lackluster trading Friday, while benchmark three-month aluminium was higher due to a weaker dollar. The dollar fell to a nine-month low of Y118.92 overnight in New York. Despite a slight rebound, the U.S. currency remained below Y120 in Asian trade, prompting the Japanese to buy three-month aluminum. "We've seen orders from Japanese clients but today's (aluminium) buying is below our expectations. The current price (of three-month aluminium) remains high" thus limiting buying, a Tokyo-based dealer said.
NSTL
