LME OFFICIALS: Base metals falter after poorer Chinese data

Base metals prices lost ground in Tuesday’s official trading on the London Metal Exchange as disappointing Chinese economic data knocked risk appetite.

Three-month copper settled at $6,106/8 per tonne compared with an opening price of $6,175 per tonne. The red metal traded as high as $6,203.75 per tonne and dipped as low as $6,080.50 per tonne. “There is a renewed risk aversion led by Chinese stock markets after a weak Chinese flash manufacturing PMI [purchasing managers index]. At 49.2 the flash PMI was the weakest reading since April 2014,” a trader said in a...

Published

Janie Davies

March 24, 2015

15:15 GMT

London