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Copper Declines as Chinese Demand May Weaken: LME Preview
Oct 11,2011 08:34CST
industry news
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

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