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Nickel, which hit an 11-month low this week, gained 3% to US$20,458 per tonne.
Copper, tin and lead dropped by 1% or more.
"We remain cautious on pricing for the complex ahead of China's Politburo meeting in late July as we think potential stimulus is likely to disappoint and hawkish central bank policy will remain a headwind ex-China," Citi analysts said this week.
"Copper, tin and lead may be more vulnerable to weaker macro headlines in the month ahead considering recent net long fund length additions, while investor positioning in zinc, nickel, and aluminium remains near neutral.
"Despite our near-term caution, we are bullish on copper in the medium term and see ~50% upside to $12,000/t by 2025. We think any movement of copper prices below circa $8000/t will be an attractive level for medium-term investors to accumulate long positions."
Gold was trading at $1917.90 an ounce, while oil was at $69.86 a barrel.
The Australian dollar last traded at 66.18c.
ASX futures were up 12 points heading into the final day of the 2023 financial year.
Updated: 30-06-2023
| LME Indicative | Current Price ($US) | Change ($US) | Change % | Previous | |
|---|---|---|---|---|---|
| Copper - Cash |  |
8177 | -82.5 | -1 | 8259.5 |
| Copper - 3Mth | |
8177.5 | -77.5 | -0.94 | 8255 |
| Lead - Cash | |
2094.5 | -26 | -1.23 | 2120.5 |
| Lead - 3Mth | |
2051 | -20 | -0.97 | 2071 |
| Zinc - Cash | |
2336 | -4.51 | -0.19 | 2340.51 |
| Zinc - 3Mth | |
2341.5 | -8 | -0.34 | 2349.5 |
| Nickel - Cash |  |
20458 | 602 | 3.03 | 19856 |
| Nickel - 3Mth | |
20634 | 578 | 2.88 | 20056 |
| Tin - Cash | |
26766 | -465 | -1.71 | 27231 |
| Tin - 3Mth | |
26098 | 51 | 0.2 | 26047 |
| Aluminium - Cash | |
2119.59 | -12.61 | -0.59 | 2132.2 |
| Aluminium - 3Mth | |
2160 | -13.5 | -0.62 | 2173.5 |
| Comex | Current Price ($US) | Change ($US) | Change % | Previous | |
|---|---|---|---|---|---|
| Gold - Aug 23 | |
1917.9 | -4.3 | -0.22 | 1922.2 |
| Silver - Sep 23 | |
22.8 | -0.29 | -1.24 | 23.08 |
| Copper - Sep 23 | |
369.9 | -4.35 | -1.16 | 374.25 |
| Nymex | Current Price ($US) | Change ($US) | Change % | Previous | |
|---|---|---|---|---|---|
| Platinum - Oct 23 | |
906.8 | -18.1 | -1.96 | 924.9 |
| Palladium - Sep 23 | |
1227.4 | -19.5 | -1.56 | 1246.9 |
| MB Iron Ore | Current Price ($US) | Current ($US) | Change % | Previous | |
|---|---|---|---|---|---|
| 62% Fines CFR | |
114 | -0.5 | -0.44 | 114.5 |
| 58% Fines CFR | |
95.18 | 2.44 | 2.63 | 92.74 |
| Energy | Current Price ($US) | Current ($US) | Change % | Previous | |
|---|---|---|---|---|---|
| WTI | |
69.86 | 0.3 | 0.43 | 69.56 |
| U308 Spot |  |
56.2 | 0 | 0 | 56.2 |
| Currencies | Current Price ($US) | Current ($US) | Change % | Previous | |
|---|---|---|---|---|---|
| $A/$US | |
0.66 | 0 | 0.03 | 0.66 |
| STG / $US | |
1.26 | 0 | -0.02 | 1.26 |
| Euro / $US | |
1.09 | 0 | -0.01 | 1.09 |
| Euro / $A | |
1.64 | 0 | 0.03 | 1.64 |
| Indices | Current Price ($US) | Current ($US) | Change % | Previous | |
|---|---|---|---|---|---|
| Dow Jones | |
34122.42 | 269.76 | 0.8 | 33852.66 |
| NASDAQ | |
13591.33 | -0.42 | 0 | 13591.75 |
| S&P 500 | |
4396.44 | 19.58 | 0.45 | 4376.86 |
| FTSE 100 | |
7471.69 | -28.8 | -0.38 | 7500.49 |
| Nikkei 225 | |
33234.14 | 40.15 | 0.12 | 33193.99 |
