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Copper Extends 2nd Weekly Drop on China GDP: LME Preview
Apr 13,2012 17:56CST
industry news
Source:SMM
Copper declined in London, poised for a second weekly drop, as China’s gross domestic product grew less than expected, raising concerns about demand from the largest metals user.

Apr. 13 (Bloomberg) -Copper declined in London, poised for a second weekly drop, as China’s gross domestic product grew less than expected, raising concerns about demand from the largest metals user.

Market News:

Metals News:

Metal Prices:
-- Copper fell 1.1 percent to $8,130 a metric ton by 7:39
a.m. on the London Metal Exchange. Relative Strength Index 42.
-- Aluminum declined 0.1 percent to $2,101 a ton. RSI 38.
-- Zinc dropped 1 percent to $2,018 a ton. RSI 49.
-- Lead fell 1.5 percent to $2,068 a ton. RSI 50.
-- Nickel declined 0.9 percent to $18,531 a ton. RSI 49.
-- Tin fell 0.2 percent to $22,600 a ton. RSI 46.

Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   79.460            0.2           -0.9
Crude oil           $103.16          -0.5            4.4
Gold                $1,674.96        -0.1            7.1
MSCI World Index    1,285.22          0.1            8.7


Economic Events:

                                    Forecast    Prior     Time
                                                        (London)
U.S. Consumer Price Index     MoM     0.3%       0.4%     13:30
U. of Michigan Confidence     APR     76.2       76.2     14:55

 

copper; LME preview

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