Bloomberg News

Copper Declines to Two-Month Low After China’s PMI: LME Preview

March 01, 2013

Copper fell to a two-month low in London as manufacturing growth slowed in China, the world’s largest buyer of industrial metals.

Market News:

Metals News:

Metals Prices:


-- Copper slipped 0.8 percent to $7,756 a metric ton at 7:46
a.m. on the London Metal Exchange, and earlier fell to $7,755.50
a ton, the lowest since Dec. 20. Relative strength index 32.
-- Aluminum dropped 0.8 percent to $1,990 a ton. RSI 31.
-- Nickel was unchanged at $16,600 a ton. RSI 34.
-- Lead declined 0.4 percent to $2,272.25 a ton. RSI 35.
-- Tin was down 0.1 percent at $23,375 a ton. RSI 35.
-- Zinc fell 0.4 percent to $2,056.75 a ton. RSI 37.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index     81.92            0.0        2.7
Crude Oil            $91.77           -0.3       -0.1
Gold              $1,579.91            0.0       -5.7
MSCI World Index   1,405.04            0.0        5.0

Economic Events:
                                    Survey    Prior      Time
                                                       (London)
FR PMI Manufacturing                 43.6      43.6     08:50
GE PMI Manufacturing                 50.1      50.1     08:55
US Personal Spending                  0.2%      0.2%    13:30
US Personal Income                   -2.4%      2.6%    13:30
US U. of Michigan Confidence         76.3      76.3     14:55
US Construction Spending              0.4%      0.9%    15:00
US ISM Manufacturing                 52.5      53.1     15:00
US Total Vehicle Sales               15.1M     15.23M   22:00

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net

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


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