BLBG: Copper Falls in London Trading as China's Imports Decline: LME Preview
Copper in London fell for the first day in five, declining from near a record as China’ imports of the metal slumped.
Market News:
Metals News:
Metal Prices:
-- Copper declined $84, or 1 percent, to $8,774 a
metric ton at 7:15 a.m. on the London Metal Exchange. Relative
Strength Index 65.5.
-- Aluminum fell 0.8 percent to $2,450 a ton. RSI 60.2.
-- Zinc dropped 2 percent to $2,525.25 a ton. RSI 58.4.
-- Lead declined 1 percent to $2,582.25 a ton. RSI 62.6.
-- Nickel fell 1.3 percent to $24,313 a ton. RSI 57.
-- Tin declined 1.3 percent to $27,000 a ton. RSI 61.7.
Other markets: Last % Change % YTD
U.S. Dollar Index 77.747 0.4 -0.1
Crude oil $86.5 -0.3 9
Gold $1,397.90 0.4 27.4
MSCI World Index 1,254.01 -0.4 7.3
Economic Events:
Forecast Prior Time
(London)
U.S. MBA mortgage applications -- -5.0% 12:00
U.S. trade balance -$45.0B -$46.3B 13:30
U.S initial jobless claims 450K 457K 13:30
To contact the reporter on this story: Maria Kolesnikova in Moscow at mkolesnikova@bloomberg.net.
To contact the editor responsible for this story: Claudia Carpenter at ccarpenter@bloomberg.net.
