MB: Copper drifts in LME premarket on Chinese buying slowdown
Copper prices slipped in early trading on the London Metal Exchange on Monday, with a slowdown in Chinese buying hitting sentiment. Three-month copper opened at $4,425 per tonne before dipping to a low of $4,343 per tonne by 10:17 BST. This compares with Friday’s official price of $4,350/51 per tonne. “We’ve been waiting for Chinese physical demand to slow down and it may be starting,” a category I trader told MB. “There’s no money flow...
