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LME ASIAN WRAP: Copper slips as China consumption worries prevail

February 20, 2012 - 02:28 GMT Location: Shanghai

KEYWORDS: LME , copper , aluminium , lead , zinc , nickel , tin

London Metal Exchange copper opened high but trended lower in early Asian trading on Monday as a boost in sentiment due to China’s monetary policy easing proved to be short-lived.

By 03:59 GMT, three-month copper was at $8,303 per tonne, after opening at $8,336 per tonne. “We expect a small rebound for base metals today while the downward correction still has way to go as the policy easing has been long expected,” analysts at Citic Newedge Futures wrote in an e-mailed report. On Saturday, China's central bank cut its reserve requirement ratio (RRR) by 50 basis points to 20.5%, effective from this...

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Aluminium

May 24, 2012 17:07 CLOSE TO CLOSE: Base metals follow euro higher in LME kerb
May 24, 2012 14:40 Trafigura, Ormet will explore joint investments in aluminium
May 24, 2012 13:48 Base metal prices stable in LME officials as euro plateaus
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Lead & Zinc

May 24, 2012 17:28 Pan American Silver’s revenues up 20% in Q1
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Copper

May 24, 2012 17:28 Pan American Silver’s revenues up 20% in Q1
May 24, 2012 17:07 CLOSE TO CLOSE: Base metals follow euro higher in LME kerb
May 24, 2012 15:26 Copper products sales in Brazil hit record $8.6bn
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May 24, 2012 13:48 Base metal prices stable in LME officials as euro plateaus

Nickel & Tin

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Comment & analysis

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Seven days is a long time in the investment world, but last week must have felt longer than most.
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