Bloomberg News

Copper Seen Rising on China Railway Spending: LME Preview

July 31, 2012

Copper rose as China, the biggest consumer of industrial metals, increased planned railway spending, boosting demand prospects.

Market News:

Metals News:

Metal Prices:

-- Copper rose 0.2 percent to $7,557.75 a metric ton by 7:42
a.m. on the London Metal Exchange. Relative Strength Index 50.
-- Aluminum declined 0.2 percent to $1,895 a ton. RSI 47.
-- Zinc dropped 0.4 percent to $1,854.50 a ton. RSI 50.
-- Lead fell 0.2 percent to $1,947.50 a ton. RSI 60.
-- Nickel declined 0.8 percent to $16,118 a ton. RSI 48.
-- Tin dropped 0.9 percent to $18,100 a ton. RSI 43.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   82.776           -0.0            3.2
Crude oil           $89.63           -0.2           -9.3
Gold                $1,621.88         0.0            3.7
MSCI World Index    1,255.58          0.1            6.2


Economic events:
                                    Forecast    Prior     Time
                                                        (London)
Euro-Zone CPI Estimate YoY      JUL    2.4%       2.4%    10:00
U.S. Personal Spending          JUN    0.1%       0.0%    13:30
U.S. Chicago Purchasing Manager JUL    52.5       52.9    14:45
U.S. Consumer Confidence         JUL    61.5       62.0    15:00





To contact the reporter on this story:
Maria Kolesnikova in London at 
mkolesnikova@bloomberg.net

To contact the editor responsible for this story:
Claudia Carpenter at 
ccarpenter2@bloomberg.net




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