Copper Declines to Six-Week Low on Europe’s Debts: LME Preview

Sept. 19 (Bloomberg) –Copper fell in London to the lowest level in almost six weeks on speculation Europe’s debts will mount, hampering global growth and curbing demand for industrial metals.

Market News:

Metals News:

Metals Prices:

-- Copper fell $223, or 2.6 percent, to $8,473 a metric ton
by 7:57 a.m. on the London Metal Exchange. Relative Strength
Index 35.
-- Aluminum dropped 1.2 percent to $2,352.50 a ton. RSI 41.
-- Zinc was down 1.5 percent at $2,127 a ton. RSI 40.
-- Lead declined 2.1 percent to $2,315 a ton. RSI 40.
-- Nickel was down 1.7 percent to $21,150 a ton. RSI 45.
-- Tin retreated 1.1 percent to $22,850 a ton. RSI 37.

Other markets:         Last          % Change    % YTD

U.S. Dollar Index     77.06            0.6     -2.5
Crude Oil            $86.61           -1.5     -5.2
Gold              $1,821.67            0.5     28.2
MSCI World Index   1,171.54           -0.4     -8.5

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)
EC Construction Output                 --        -1.8%    10:00
US NAHB Housing Market Index           15          15     15:00