The British market was flat, Toronto closed 0.3% higher and Australian futures were down 12 points.
Oil rose by 1.1% to US$70.64 a barrel, while gold traded higher at $1933 an ounce.
Base metals were mixed, with nickel, tin and copper down and zinc rising by 2%.
The MySteel 62% Australian iron ore fines price dropped 1.3% to $110.50 per tonne.
UBS noted that consensus for metals and mining in the near-term was bearish.
"In contrast to early 2023, we conclude investors do not expect a turnaround in the China property/construction sector and an ‘L' shaped recovery is consensus," the bank said.
"More stimulus looks likely after expected weaker economic data in 2Q, but confidence in a sustainable recovery appears low, with HFs likely to sell on ‘stimulus headline' rallies."
Updated: 05-07-2023
| LME Indicative | Current Price ($US) | Change ($US) | Change % | Previous | |
|---|---|---|---|---|---|
| Copper - Cash |  |
8346 | -51 | -0.61 | 8397 |
| Copper - 3Mth | |
8359.5 | -38.5 | -0.46 | 8398 |
| Lead - Cash | |
2111.25 | -14.25 | -0.67 | 2125.5 |
| Lead - 3Mth |  |
2093 | 1 | 0.05 | 2092 |
| Zinc - Cash | |
2403 | 47.75 | 2.03 | 2355.25 |
| Zinc - 3Mth | |
2411 | 46 | 1.95 | 2365 |
| Nickel - Cash | |
20334 | -72 | -0.35 | 20406 |
| Nickel - 3Mth | |
20508 | -72 | -0.35 | 20580 |
| Tin - Cash | |
28100 | 3 | 0.01 | 28097 |
| Tin - 3Mth | |
27320 | -57 | -0.21 | 27377 |
| Aluminium - Cash | |
2123.24 | 10.74 | 0.51 | 2112.5 |
| Aluminium - 3Mth | |
2167.5 | 10 | 0.46 | 2157.5 |
| Comex | Current Price ($US) | Change ($US) | Change % | Previous | |
|---|---|---|---|---|---|
| Gold - Aug 23 | |
1933.6 | 4.1 | 0.21 | 1929.5 |
| Silver - Sep 23 | |
23.18 | 0.06 | 0.27 | 23.11 |
| Copper - Sep 23 | |
378.7 | -0.7 | -0.18 | 379.4 |
| Nymex | Current Price ($US) | Change ($US) | Change % | Previous | |
|---|---|---|---|---|---|
| Platinum - Oct 23 | |
923.6 | 7.6 | 0.83 | 916 |
| Palladium - Sep 23 | |
1242 | 15 | 1.22 | 1227 |
| MB Iron Ore | Current Price ($US) | Current ($US) | Change % | Previous | |
|---|---|---|---|---|---|
| 62% Fines CFR | |
110.5 | -1.5 | -1.34 | 112 |
| 58% Fines CFR | |
95.13 | -0.26 | -0.27 | 95.39 |
| Energy | Current Price ($US) | Current ($US) | Change % | Previous | |
|---|---|---|---|---|---|
| WTI | |
70.64 | 0.78 | 1.12 | 69.86 |
| U308 Spot | |
55.65 | -0.55 | -0.98 | 56.2 |
| Currencies | Current Price ($US) | Current ($US) | Change % | Previous | |
|---|---|---|---|---|---|
| $A/$US |  |
0.67 | 0 | 0 | 0.67 |
| STG / $US | |
1.27 | 0 | -0.01 | 1.27 |
| Euro / $US | |
1.09 | 0 | 0 | 1.09 |
| Euro / $A | |
1.63 | 0 | 0.01 | 1.63 |
| Indices | Current Price ($US) | Current ($US) | Change % | Previous | |
|---|---|---|---|---|---|
| Dow Jones | |
34418.47 | 10.87 | 0.03 | 34407.6 |
| NASDAQ | |
13816.77 | 28.85 | 0.21 | 13787.92 |
| S&P 500 | |
4455.59 | 5.21 | 0.12 | 4450.38 |
| FTSE 100 | |
7519.72 | -7.54 | -0.1 | 7527.26 |
| Nikkei 225 | |
33422.52 | -330.81 | -0.98 | 33753.33 |
