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Copper slips ahead of China data and Fed decision-18th China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
6/14/2017 Copper exhibition -non-ferrous metals expo |
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Reuters reported that copper prices slipped on Monday ahead of a meeting of the US Federal Reserve and economic data from top consumer China that could yield clues to future demand growth. Benchmark copper on the London Metal Exchange was down 0.2 percent at USD 5,795 a tonne at 0930 GMT and compared with Friday''s two-month high at USD 5,832.
A two-day meeting of the US central bank that ends on Wednesday is expected to result in a US interest rate rise. Investors will also be looking for clues to the timing and pace of further tightening. China''s economy is expected to show steady growth in May, buoyed by solid gains in trade and investment as economic ties with the United States take a positive turn and infrastructure spending cushions domestic growth.
Three-month nickel was down 0.1 percent at USD 8,970 a tonne. Aluminium was down 0.8 percent at USD 1,892 a tonne; zinc slid 0.5 percent to USD 2,512; lead ceded 0.4 percent to USD 2,090; and tin gained 1.5 percent to USD 19,090 a tonnes
-18th China(Guangzhou)Int¡¯l
Non-Ferrous
Metal£¨Copper£©Exhibition
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