As the news of US and China open to negotiation came out, foreign investors were seen in buying mood, giving the US market its best day in more than two years and erasing about half of its huge losses last week.
As a result, base metals witnessed a positive trend and stood in the buying space. Copper gained about 1.5% overnight, Zinc hit 2 week highs and was unable to hold the gains. Shanghai steel, rebar and Dalian iron-ore futures went up 2%.