Copper Falls in London as China’s Imports Decline: LME Preview

Copper fell in London as imports of the metal into China, the world’s largest user, declined in December.

Market News:

-- China reported a less-than-forecast $13.1 billion trade surplus for December, bolstering the nation’s bargaining

-- Asian stocks dropped, sending the MSCI Asia Pacific Excluding Japan Index to its lowest intraday level in almost two

-- The euro traded near its lowest level in more than three

-- Germany may be softening its opposition to expanding the 750

-- Retail sales probably climbed for a sixth month in December,

Metals News:

-- At a time when analysts anticipate record profits for the

-- Demand for silver in India, where imports of the metal surged

-- Alcoa Inc., the largest U.S. aluminum producer, may post its

Metal Prices:

-- Copper fell $35, or 0.4 percent, to $9,380 a metric
ton by 7:46 a.m. on the London Metal Exchange. Relative Strength
Index 61.
-- Aluminum dropped 0.2 percent to $2,512 a ton. RSI 65.
-- Zinc declined 1.6 percent to $2,405 a ton. RSI 57.
-- Lead decreased 0.8 percent to $2,628 a ton. RSI 66.
-- Nickel was down 0.9 percent to $23,990 a ton. RSI 49.
-- Tin dropped 0.2 percent to $26,399 a ton. RSI 54.

Other markets:      Last           % Change   % YTD
U.S. Dollar Index   81.192             0.1      2.8
Crude oil           $88.76             0.8     -2.9
Gold               $1,374.10           0.3     -3.3
MSCI World Index    1,278.75          -0.2     -0.1

Economic Events:
                                    Forecast     Prior     Time

EC Sentix Investor Confidence        11.8         9.7      9:30
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