BLBG: Copper Declines in London on Speculation of Slowing Demand: LME Preview
Copper dropped in London on speculation of slowing demand in China, the world’s largest user of the metal.
Market News:
Metals News:
Metal Prices:
-- Copper fell $98.50, or 1.2 percent, to $8,241.50 a metric ton
on the London Metal Exchange at 7:29 a.m. Relative Strength
Index 53.
-- Aluminum declined 1 percent to $2,324 a ton. RSI 49.
-- Zinc dropped 1.9 percent to $2,447 a ton. RSI 57.
-- Lead decreased 2.1 percent to $2,453 a ton. RSI 56.
-- Nickel fell 0.9 percent to $22,896 a ton. RSI 44.
-- Tin decreased 1.7 percent to $25,800 a ton. RSI 53.
Other markets: Last % Change % YTD
U.S. Dollar Index 77.44 0.2 -0.5
Crude oil $81.71 -0.5 3.0
Gold $1,340.52 -0.3 22
MSCI World Index 1,220.33 -0.1 4.4
Economic Events:
Forecast Prior Time
(London)
U.S. GDP 2.0% 1.7% 13:30
U.S. U. of Mich. Confidence 68 67.9 14:55
To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net
To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net.
