Copper, Aluminum, Zinc Drop as China Manufacturing Growth Slows -Shanghai Metals Market

Hot Keywords

  • Zinc
  • Market commentary
  • Futures movement
  • Copper
  • Aluminium
  • Inventory data
  • Lead
  • Evening comments
  • Macroeconomics
  • MMi Iron Ore Port Index
  • Li-Ion Battery Cathode Material
  • Morning comments
  • Customs data
  • Silicon
  • Nickel

Copper, Aluminum, Zinc Drop as China Manufacturing Growth Slows

Industry News 10:09:43AM Jun 01, 2010 Source:SMM

June 1 (Bloomberg) -- Copper, aluminum and zinc fell as metals extended their decline after Chinese manufacturing expanded at a slower pace in May, adding to signs that growth may moderate in the world's biggest metals consumer.

Copper for three-month delivery fell 2.1 percent to $6,796 a metric ton, aluminum lost 1.1 percent to $2,020 a ton and zinc shed 1.3 percent to $1,910 a ton. The market was shut yesterday.

The Purchasing Managers' Index fell to 53.9 from 55.7 in April, seasonally adjusted, the Federation of Logistics and Purchasing said in an e-mailed statement today. That was less than the median 54.5 estimate in a Bloomberg News survey of 18 economists. Readings above 50 indicate an expansion.

 

Key Words:  Aluminum Al  copper Cu  zinc Zn 

Price

more
Aluminum Ingot
Apr.19
14050.0
40.0
(0.29%)
Alumina (Averaged)
Apr.19
2665.0
0.0
(0.00%)
Alumina-East
Apr.19
2680.0
0.0
(0.00%)
Alumina -Central
Apr.19
2670.0
0.0
(0.00%)
Alumina - North
Apr.19
2660.0
0.0
(0.00%)

Copper, Aluminum, Zinc Drop as China Manufacturing Growth Slows

Industry News 10:09:43AM Jun 01, 2010 Source:SMM

June 1 (Bloomberg) -- Copper, aluminum and zinc fell as metals extended their decline after Chinese manufacturing expanded at a slower pace in May, adding to signs that growth may moderate in the world's biggest metals consumer.

Copper for three-month delivery fell 2.1 percent to $6,796 a metric ton, aluminum lost 1.1 percent to $2,020 a ton and zinc shed 1.3 percent to $1,910 a ton. The market was shut yesterday.

The Purchasing Managers' Index fell to 53.9 from 55.7 in April, seasonally adjusted, the Federation of Logistics and Purchasing said in an e-mailed statement today. That was less than the median 54.5 estimate in a Bloomberg News survey of 18 economists. Readings above 50 indicate an expansion.

 

Key Words:  Aluminum Al  copper Cu  zinc Zn