LME ASIAN WRAP: Copper falls on US durable goods orders

London Metal Exchange copper edged down in early Asian trading on Wednesday as disappointing US data dampened market sentiment.

By 03:37 GMT, three-month copper was at $8,582 per tonne, down $3 from its opening price. The red metal traded within a range of $8,594-8,552 per tonne. US orders for durable goods dropped by 4% in January, their biggest fall in three years, and far below the -1% dip predicted by analysts. "The fall in US...

Published

Rena Gu

February 29, 2012

03:07 GMT

Shanghai

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