LME Copper futures ended lower by weak European economic data to weigh on|brass tube fittings

 

London, October 7-the London Metal Exchange (LME) copper futures closed lower on Tuesday, because Europe was weaker than expected and the market for Chinese investors prepare holiday return.
Closed mixed in the afternoon trading, LME 3-month copper futures fell 0.6% per tonne, 6,670.00 US dollars.
Germany industrial output in August fell 4%, fell more than forecast by Dow Jones Newswires, 1.5%, a severe blow for the eurozone's biggest economy.
Because China is the world's largest copper consumer, China 11 golden week vacation led to reduced trading volume of copper.
Analysts said that investors will return from a vacation in China on Wednesday, when copper prices may once again came under the China factor led.
Other base metals were mixed. Aluminium closed up 1.3%, to 1,955 per ton. $ 00; zinc prices gained 0.5% per tonne, 2,321.00 dollars; nickel closed up 1.5%, tonne 16,950. $ 00; lead-0.5%, per tonne, 2,093.00 dollars; Tin-0.6%, tonne 20,350.00 US dollars.

London, October 7-the London Metal Exchange (LME) copper futures closed lower on Tuesday, because Europe was weaker than expected and the market for Chinese investors prepare holiday return.

 

Closed mixed in the afternoon trading, LME 3-month copper futures fell 0.6% per tonne, 6,670.00 US dollars.

 

 

Germany industrial output in August fell 4%, fell more than forecast by Dow Jones Newswires, 1.5%, a severe blow for the eurozone's biggest economy.

 

 

Because China is the world's largest copper consumer, China 11 golden week vacation led to reduced trading volume of copper.

 

 

Analysts said that investors will return from a vacation in China on Wednesday, when copper prices may once again came under the China factor led.

 

 

Other base metals were mixed. Aluminium closed up 1.3%, to 1,955 per ton. $ 00; zinc prices gained 0.5% per tonne, 2,321.00 dollars; nickel closed up 1.5%, tonne 16,950. $ 00; lead-0.5%, per tonne, 2,093.00 dollars; Tin-0.6%, tonne 20,350.00 US dollars.

 

 

Tags: brass tube fittings