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Copper hits four-month low as China imports slide-18th China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
5/10/2017 Copper exhibition -non-ferrous metals expo |
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Reuters reported that copper slid to a four-month low on Monday after data showed
a sharp drop in imports into China, the world''s biggest consumer, feeding
pessimism over demand following hefty inflows into London Metal Exchange inventories last week. Three-month copper on the London Metal Exchange closed 1.8 percent down at $5,486 a tonne, having earlier touched $5,462.50, its lowest since Jan. 4.
Copper inventories in London Metal Exchange (LME) warehouses dipped by 3,100
tonnes on Friday, exchange data showed, after surging by more than 100,000
tonnes in the previous three days.
China''s April copper imports fell 30 percent month on month to 300,000 tonnes,
data from the General Administration of Customs showed, and were down by a
third from a year ago as a subdued outlook for industrial activity weighed on demand.
-18th China(Guangzhou)Int¡¯l
Non-Ferrous
Metal£¨Copper£©Exhibition
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