London, June 26 (Xinhua) -- Basic metal prices on the London Metal Exchange generally rose at the close on the 26th.

The 3-month copper futures closed at $13322.00 per ton, an increase of $6.00 per ton or 0.05% from the previous trading day's closing price.

The 3-month aluminum futures closed at $3198.00 per ton, an increase of $12.50 per ton or 0.39% from the previous trading day's closing price.

The 3-month nickel futures closed at $16805.00 per ton, a decrease of $60.00 per ton or 0.36% from the previous trading day's closing price.

The 3-month lead futures closed at $1901.50 per ton, a decrease of $11.00 per ton or 0.58% from the previous trading day's closing price.

The 3-month tin futures closed at $51000.00 per ton, an increase of $850.00 per ton or 1.69% from the previous trading day's closing price.

The 3-month zinc futures closed at $3500.00 per ton, an increase of $62.00 per ton or 1.80% from the previous trading day's closing price.

The basic metal prices on the London Metal Exchange generally rose at the end of the 26th, with the core logic being that the US PCE inflation data in May met expectations, which marginally eased market concerns about the Federal Reserve's aggressive interest rate hikes. The US dollar index ended its six day consecutive rise, and previously oversold metals saw a rebound in buying at low prices. The rebound on the same day is more of a tug of war between short-term sentiment repair and long-term macro pressure, and sustainability still depends on subsequent inflation data and the direction of Federal Reserve policies.

Editor: Zhang Yu