Commodity News
HeadLine : Copper slips after weak China manufacturing data
Date : Sep 2 2014

Copper prices fell on Monday, under pressure as weak factory data from China raised concerns about the outlook for demand from the world's top metals consumer.

Three-month copper on the London Metal Exchange closed down 0.6 percent at $6,942 a tonne after ending August down 1.9 percent - its first monthly loss in four months.

Volumes were subdued as markets in the United States were shut for the Labor Day holiday.

At the close of open outcry trading, 7,750 lots of copper had traded versus a total volume of 13,765 on Friday.

Electronic trading was continuing after the close of ring trading.

Growth in China's vast factory sector slackened in August as foreign and domestic demand slowed, stoking speculation that further policy easing would be needed to prevent the economy from stumbling once more.

China is the world's largest copper consumer, accounting for as much as 40 percent of global demand.

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