BLBG:Copper Declines as China's Imports Retreat: LME Preview
Copper declined for the first time in five days as data showed imports by China, the biggest user of the metal, fell in March from February while manufacturing in the Asian nation may contract for a sixth month in April.
Market News:
Metal News:
Metal Prices:
-- Copper declined 1.3 percent to $8,085.25 a metric ton by 7:31
a.m. on the London Metal Exchange. Relative Strength Index 43.6.
-- Aluminum dropped 0.4 percent to $2,073.75 a ton. RSI 38.6.
-- Zinc fell 1 percent to $2,005 a ton. RSI 47.9.
-- Lead retreated 1.1 percent to $2,103 a ton. RSI 54.
-- Nickel declined 0.3 percent to $17,760 a ton. RSI 43.6.
-- Tin was little changed at $21,500 a ton. RSI 40.
Economic Events:
Forecast Prior Time
(London)
EC PMI Composite APRIL 49.3 49.1 09:00
EC PMI Manufacturing APRIL 48.1 47.7 09:00
EC PMI Services APRIL 49.3 49.2 09:00
To contact the reporter on this story: John Deane in London at jdeane3@bloomberg.net
To contact the editor responsible for this story: John Deane at jdeane3@bloomberg.net
