Copper futures lower, could have the biggest monthly drop since March|plumbing tools list

 

 

 

* Dollar stronger, euro-zone inflation mild
* HSBC China September PMI figures final value unchanged from August
September 30-Reuters London copper futures lower on Tuesday, could this month posted its largest monthly drop since March, weighed down by a strong dollar, there are new signs that a global supply increases and concerns over weaker demand from China.
Dollar touched a two-year high against the euro, due September Eurozone inflation down to 0.3%, further mired under 1% of the European Central Bank said the "danger zone".
LME three-month copper fell 1.1%, 6,667 dollars per ton in September, could fall by 4.5%, the biggest monthly decline since March.
The contract on Monday June 16, the lowest since $ 6,666.
"There is lots of positive news to spur the rebound in copper prices in the short term," said Nomura's metals and mining analyst Patrick Jones.
"The current market conditions is a flood of new supply is starting to flow into the market, and imports carry trade between Shanghai and London has been unprofitable, and that China's real estate market remains a concern. ”
September HSBC China manufacturing purchasing managers ' index (PMI) final reading was revised down slightly to 50.2. Although final flat last month, but still showed that the manufacturing sector under pressure, need more lenient policies.
China's official PMI will be announced on Wednesday.
China's Central Bank and banking regulator said on Tuesday, owning a home and family of closed loans, banks can perform first home loan policies. This is the first time since the 2008 global financial crisis, is this year's most aggressive moves to boost the economy.
Chinese traders settle accounts before the long holiday weekend, the Shanghai Futures Exchange will be closed starting Wednesday.
Global stock markets lower Tuesday, due to Hong Kong's pro-democracy demonstrations on Beijing's biggest political challenge since Tiananmen.
Other metals, three-month Tin closing at 20,310 dollars per ton, down 0.4%, earlier fell to a 14-month low of $ 20,160. Three-month nickel closed no deal, the last bid price at $ 16,300 a tonne, down 2.2%, earlier fell to a near six-month low of $ 16,275.
Three-month aluminum fell 0.2% to close at $ 1,960 a tonne. Three-month lead rose 0.1%, at $ 2,099 per ton. Three-month zinc fell to 0.1%, at $ 2,288 a tonne. 

* Dollar stronger, euro-zone inflation mild

 

 

* HSBC China September PMI figures final value unchanged from August

 

 

September 30-Reuters London copper futures lower on Tuesday, could this month posted its largest monthly drop since March, weighed down by a strong dollar, there are new signs that a global supply increases and concerns over weaker demand from China.

 

 

Dollar touched a two-year high against the euro, due September Eurozone inflation down to 0.3%, further mired under 1% of the European Central Bank said the "danger zone".

 

 

LME three-month copper fell 1.1%, 6,667 dollars per ton in September, could fall by 4.5%, the biggest monthly decline since March.

 

 

The contract on Monday June 16, the lowest since $ 6,666.

 

 

"There is lots of positive news to spur the rebound in copper prices in the short term," said Nomura's metals and mining analyst Patrick Jones.

 

 

"The current market conditions is a flood of new supply is starting to flow into the market, and imports carry trade between Shanghai and London has been unprofitable, and that China's real estate market remains a concern. ”

 

 

September HSBC China manufacturing purchasing managers ' index (PMI) final reading was revised down slightly to 50.2. Although final flat last month, but still showed that the manufacturing sector under pressure, need more lenient policies.

 

 

China's official PMI will be announced on Wednesday.

 

 

China's Central Bank and banking regulator said on Tuesday, owning a home and family of closed loans, banks can perform first home loan policies. This is the first time since the 2008 global financial crisis, is this year's most aggressive moves to boost the economy.

 

 

Chinese traders settle accounts before the long holiday weekend, the Shanghai Futures Exchange will be closed starting Wednesday.

 

 

 

 

Global stock markets lower Tuesday, due to Hong Kong's pro-democracy demonstrations on Beijing's biggest political challenge since Tiananmen.

 

 

Other metals, three-month Tin closing at 20,310 dollars per ton, down 0.4%, earlier fell to a 14-month low of $ 20,160. Three-month nickel closed no deal, the last bid price at $ 16,300 a tonne, down 2.2%, earlier fell to a near six-month low of $ 16,275.

 

 

Three-month aluminum fell 0.2% to close at $ 1,960 a tonne. Three-month lead rose 0.1%, at $ 2,099 per ton. Three-month zinc fell to 0.1%, at $ 2,288 a tonne. 

 

 

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