Sun, Jan 26, 2014 - Page 15 News List

Shrinking China production dents commodity prices

AFP, LONDON

BASE METALS: Base or industrial metals prices dropped following the disappointing Chinese data.

HSBC’s China manufacturing sector purchasing managers index fell to 49.6, below the line between growth and contraction, raising concerns that the world’s second-largest economy is still trying to find its footing.

By Friday on the London Metal Exchange, copper for delivery in three months slid to US$7,210.50 a tonne from US$7,302.25 week earlier.

Three-month aluminum fell to US$1,768 a tonne from US$1,808.

Three-month lead retreated to US$2,152 a tonne from US$2,191.

Three-month tin slid to US$22,000 a tonne from US$22,301.

Three-month nickel dipped to US$14,553 a tonne from US$14,560.

Three-month zinc declined to US$2,027 a tonne from US$2,066.

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