Copper Pares Decline in London After China’s Output: LME Preview

Copper trimmed declines in London after a preliminary reading on China’s manufacturing signaled growth, boosting demand for industrial metals.

Market News:

Metals News:

Metals Prices:


-- Copper slipped 0.2 percent to $8,087.25 a metric at 7:21 a.m.
on the London Metal Exchange. Relative strength index 54.
-- Aluminum slumped 0.6 percent to $2,062.75 a ton. RSI 48.
-- Nickel fell 0.6 percent to $17,435 a ton. RSI 51.
-- Lead declined 0.7 percent to $2,353.50 a ton. RSI 58.
-- Tin was up 0.2 percent at $24,529 a ton. RSI 60.
-- Zinc dropped 1 percent to $2,065 a ton. RSI 55.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     80.01            0.1        0.3
Crude Oil            $95.45            0.3        4.0
Gold              $1,678.95           -0.4        0.2
MSCI World Index   1,393.93            0.1        4.1

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
EC PMI Manufacturing                 46.6      46.1      09:00
US Initial Jobless Claims           355K      335K       13:30
US Leading Indicators                 0.4%     -0.2%     15:00

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@abloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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