London copper futures held steady near a three-month low on Friday |brass pipe fittings

 

 

Melbourne September 26-Reuters London copper futures held steady near a three-month low on Friday, but is expected to be the third consecutive weekly decline, doubts and demand growth in China is about supplies weigh on the price of another wave.
0049GMT, the London Metal Exchange (LME), three-month copper rose $ 0.2% to 6,709 per ton. $ 50 day fell on.
This week is expected to be down 1.8% for the third consecutive week of losses. Prices fell Thursday to its lowest level since June 17 tonne 6,676. $ 75.
Shanghai Futures Exchange and the main force in overnight trading, the December copper contract fell 0.3% to 47,620 Yuan per ton.
United States firms August capital goods new orders rebounded that economic fundamentals are still relatively strong.
United States Federal Reserve Bank of Atlanta President Dennis Lockhart said the weak demand at home and abroad are still prejudice to United States economic recovery probably will not need to raise interest rates until later next year.
Due to the economic slowdown, China's steel consumption this year, or at least seen since 2000, which led to oversupply of iron ore in China, iron ore prices fell more than $ 40%.
Newmont Mining (Newmont Mining) to raise annual copper output forecast for this week, after the company concluded its tax dispute with the Indonesian Government, exports of copper recovered from Indonesia.

 

Melbourne September 26-Reuters London copper futures held steady near a three-month low on Friday, but is expected to be the third consecutive weekly decline, doubts and demand growth in China is about supplies weigh on the price of another wave.

 

0049GMT, the London Metal Exchange (LME), three-month copper rose $ 0.2% to 6,709 per ton. $ 50 day fell on.

 

 

This week is expected to be down 1.8% for the third consecutive week of losses. Prices fell Thursday to its lowest level since June 17 tonne 6,676. $ 75.

 

 

Shanghai Futures Exchange and the main force in overnight trading, the December copper contract fell 0.3% to 47,620 Yuan per ton.

 

 

United States firms August capital goods new orders rebounded that economic fundamentals are still relatively strong.

 

 

United States Federal Reserve Bank of Atlanta President Dennis Lockhart said the weak demand at home and abroad are still prejudice to United States economic recovery probably will not need to raise interest rates until later next year.

 

 

Due to the economic slowdown, China's steel consumption this year, or at least seen since 2000, which led to oversupply of iron ore in China, iron ore prices fell more than $ 40%.

 

 

Newmont Mining (Newmont Mining) to raise annual copper output forecast for this week, after the company concluded its tax dispute with the Indonesian Government, exports of copper recovered from Indonesia.

 

 

 

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