Aluminium heads to main monthly fall in two years and half by excessive offer

Noticias del GREMIO SINDICAL PROVINCIAL DE CHATARREROS
Friday, 29 May of the 2015 MARKETS 09:13

The copper was the only upward metal, with gains of 0.2%, to 6,104 dollars by tonne, after closing with slight heaves in the anterior session.
LONDON, 29 May (Reuters) - The aluminium fell the Friday in the middle of the continuous worries that the strong production of China sature to the global market and headed to his main monthly decline in more than two years and half.

* The aluminium to three months in the Stock exchange of Metals of London lost 1 percent, to 1.758 dollars by tonne to the 0943 GMT, afterwards to add 2,2 percent the Thursday.

* The aluminium heads to a loss of 8,7 percent in May, the main monthly fall from October of the 2012, in moments in that data showed that the production of China went up to 2,59 million tonnes in April.

* The copper was the only upward metal, with gains of 0,2 percent, to 6.104 dollars by tonne, after closing with slight heaves in the anterior session. The prices confront to his first monthly loss in four months, of more than 3 percent.

* The metal has been presionado by the abundant inventories of the metal refinado, but the perspectives that the measures of stimulus in China reactivate the demand have averted that the prices follow falling.

* The factories in China have confronted difficulties to expand in May, in spite of the recent drop in the taxes of interest and other politics of stimulus in the country, showed a poll of Reuters. For the Monday expects the publication of new data.

* Among others metals, the nickel fell 0,6 percent, to 12.740 dollars by tonne and confronted monthly losses of almost 9 percent in the middle of a feeble demand of stainless steel in China.

(It report additional of Melanie Burton in Melbourne and Yuka Obayashi in Tokyo; Edited in Spanish by María Cecilia Dwells)

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