EUROPEAN MORNING BRIEF 31/10: Refined lead, zinc markets to log deficits; Glencore cuts copper guidance again; copper unlikely to remain in downturn

Good morning from Metal Bulletin’s offices in Shanghai, bringing the key news and market stories on Tuesday October 31.

Copper and aluminium prices on the Shanghai Futures Exchange traded sideways during Asian morning trading on Tuesday, as data released overnight showed growth in China’s manufacturing sector had slowed more than expected in October. China’s manufacturing purchasing managers’ index (PMI) for October surprised to the downside with reading of 51.6 - lower than an expected print of 52.2 and down from 52.4 in September. It was the lowest reading since July’s 51.4, but remained well above the...

Published

Kiki Kang

October 31, 2017

06:15 GMT

Shanghai