Copper Declines on China Demand Speculation: LME Preview

Copper declined in London on speculation demand in China, the world’s biggest consumer of industrial metals, may slow as signaled by declining imports.

Market News:

Metals News:

Metal Prices:


-- Copper fell 0.4 percent to $8,121 a metric ton by 6:47 a.m.
on the London Metal Exchange. Relative Strength Index 45.6.
-- Aluminum gained 0.2 percent to $2,086.25 a ton. RSI 42.7.
-- Zinc rose 0.1 percent to $2,003.25 a ton. RSI 48.1.
-- Lead climbed 0.3 percent to $2,077.75 a ton. RSI 51.
-- Nickel gained 0.8 percent to $17,540 a ton. RSI 41.9.
-- Tin fell 0.4 percent to $21,600 a ton. RSI 42.5.


Other markets:         Last          % Change   % YTD


U.S. Dollar Index      79.218           0.0      -1.2
Crude Oil              $103.69          0.1       4.9
Gold                 $1,641.48         -0.1       5
MSCI World Index      1,271.84          0.0       7.6

Economic events:
                                  Forecast     Prior     Time
                                                       (London)
U.S. Durable Goods Orders MARCH    -1.7%       2.4%     13:30
Durables ex-transportation MARCH    0.5%       1.8%     13:30
FOMC Rate Decision                  0.25%      0.25%    17:30



To contact the reporter on this story:
John Deane in London at 
jdeane3@bloomberg.net

To contact the editor responsible for this story:
John Deane at 
jdeane3@bloomberg.net



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