MB: Copper falls on poor sentiment, strong dollar in LME officials
Copper prices fell in official trading on the London Metal Exchange on Friday as poor sentiment and a strong US dollar weighed on the base metals market. Copper settled at $4,350/51 per tonne in official trading compared with $4,465 per tonne at the open. The dollar was trading at $1.35 against the euro at 13:08 BST. The red metal slid to a low of $4,332 per tonne in premarket trade and changed hands no higher than $4,484 per tonne. The lack of Chinese buying this week remains the major bearish factor for copper, one market participant said. “I have the feeling that on copper, lead and zinc, the Chinese are easing off,” he said. “They drove them up with all their mad buying of the last few months but now they’re not buying. Their growth is still 3%, which is better than -3% in the US,
