BLBG:Copper May Decline on Concern Over China Growth: LME Preview
Copper may fall for a second day in London after Chinese authorities warned the country’s industrial output is likely to slow this quarter, raising concern about demand outlook for the biggest metals user.
Market News:
Metals News:
Metal Prices:
-- Copper fell 0.2 percent to $8,480 a metric ton by 7:33
a.m. on the London Metal Exchange. Relative Strength Index 61.
-- Aluminum declined 0.2 percent to $2,219.75 a ton. RSI 54.
-- Zinc dropped 0.2 percent to $2,126 a ton. RSI 60.
-- Lead gained 0.3 percent to $2,188 a ton. RSI 53.
-- Nickel declined 0.6 percent to $21,565 a ton. RSI 67.
-- Tin dropped 0.7 percent to $24,330 a ton. RSI 73.
Other Markets:
Last % Change % YTD
U.S. Dollar Index 79.169 0.1 -1.3
Crude oil $97.18 0.3 -1.7
Gold $1,729.60 0.5 10.6
MSCI World Index 1,275.75 0.2 7.9
Economic events:
Forecast Prior Time
(London)
Germany Ind. Production MoM DEC 0.0% -0.6% 11:00
Japan Current Account Total DEC Y340.1B Y138.5B 23:50
To contact the reporter on this story:
Maria Kolesnikova in London at
mkolesnikova@bloomberg.net
To contact the editor responsible for this story:
Claudia Carpenter at
ccarpenter2@bloomberg.net
