THE LME''s three-month copper contract was down 0.07 per cent at $US6,690.00 a metric ton at Friday''s PM kerb close. The Chinese National Bureau of Statistics released data showing that the price of new homes in 69 out of 70 cities suffered a month-on-month fall in September.

Data also showed property developers bought much less land from the government in September as they are sitting on a significant stock of unsold properties and unfinished construction projects.

"The data indicates an ongoing slowdown in the property market, which could have negative consequences for the Chinese economy," said Commerzbank.

China accounts for more than 40 per cent of global consumption of the red metal, which tends to mirror the country''s economic fortunes. Weakness indicates falling demand and lower prices.

All the other metals were in the red.

Aluminium closed down 1.0 per cent at $US1,969.00, zinc closed 0.1 per cent lower at $US2,254.50 a ton, nickel closed down 1.0 per cent at $US15,010.00 a ton, and lead fell 1.7 per cent at $US1,995.00 a ton.
有色金属展-铜材展-铝材展-钛材展-2015年广州国际有色金属工业展览会-效果最好的有色金属展会-2015Guangzhou int’l non-ferrous metals exhibition