Home / Metal News / Copper Declines as Chinese Demand May Weaken: LME Preview

Copper Declines as Chinese Demand May Weaken: LME Preview

iconOct 11, 2011 08:34
Source:SMM
Copper fell for the first time in four days in London on concern that a drop in home prices in China, the world’s largest consumer, may indicate weakening demand.

Oct. 10 (Bloomberg) –Copper fell for the first time in four days in London on concern that a drop in home prices in China, the world’s largest consumer, may indicate weakening demand.

Market News:

Metals News:

Metal Prices:
-- Copper fell $59, or 0.8 percent, to $7,310 a metric ton by
7:31 a.m. on the London Metal Exchange. Relative Strength
Index 37.6.
-- Aluminum fell 0.6 percent to $2,215 a ton. RSI 40.5.
-- Zinc advanced 0.9 percent to $1,937 a ton. RSI 41.4.
-- Lead jumped 1.7 percent to $1,972 a ton. RSI 37.5.
-- Nickel declined 0.8 percent to $18,760 a ton. RSI 42.3.
-- Tin declined 0.7 percent to $22,800 a ton. RSI 54.3.

Other markets:
                    Last           % Change   % YTD
U.S. Dollar Index   78.239          -0.7       -1.0
Crude oil           $83.235          0.5       -8.7
Gold                $1,652.65        0.9        16.3
MSCI World Index    1,126.656        0.04      -12.0

Economic events:
                                      Forecast  Prior     Time
                                                        (London)
Italy Industrial Production MoM AUG       0.2%   -0.7%     9:00
EC Investor Confidence          OCT      -18.0   -15.4     9:30
 

copper;LME preview

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news
    timeJul 26, 2021 11:58
    timeJul 26, 2021 11:39
    timeJul 26, 2021 11:51
    timeJul 26, 2021 11:41
    timeJul 26, 2021 11:27
    timeJul 26, 2021 11:18
    timeJul 26, 2021 09:26
    timeJul 23, 2021 21:48
    timeJul 23, 2021 21:46
    timeJul 23, 2021 21:40