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Copper slips at LME on Tuesday on weak Chinese data- 2016 China(Guangzhou)Non-Ferrous Metals Exhibition
10/15/2015 non-ferrous metals expo |
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copper slipped on Tuesday at LME, falling away from a three-week top as traders took profits after China trade data offered a mixed report on its economy, but showed good demand for copper. Three-month copper on the London Metal Exchange slipped by 0.8 percent to USD 5,277 a tonne after it’s highest since mid-Sept at USD 5,356 a tonne on Friday.
Shanghai Futures Exchange copper ended down 0.8 percent at 39,750 yuan ($6,276) a tonne. Shfe nickel and zinc erased losses to close nearly flat.
A deluge of data from China in coming weeks is likely to point to further weakness in the world''s second-largest economy, reinforcing expectations that Beijing will roll out more stimulus measures to ward off a sharper slowdown.
Investors are betting on more stimulus measures at China''s plenum later in October, with a boost to infrastructure spending flagging more metals demand
有色金属展-2016年第十七届广州国际有色金属展览会-巨浪展览
non-ferrous
metals- 2016 China(Guangzhou)Non-Ferrous Metals Exhibition
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