Copper prices on the London Metal Exchange are falling in response to signals from China that demand for industrial metals may weaken. There are also concerns in the market about a possible global trade war. Chinese Commerce Minister Zhong Shan said on Sunday that any commercial war could be disastrous for China, the United States and the rest of the world.
Copper on the LME in 3-month supply was priced after the opening of trading at $ 6,964.00 per tonne - after a $ 2 increase, but now the metal is 0.3 percent cheaper.
News breaking into the Chinese parliament's markets is not beneficial to metal prices. A tighter Chinese budget could hurt demand.
There are also concerns in the market about a possible global trade war. The introduction of tariffs raises concerns about escalating trade tensions and the outbreak of a customs war between the United States and other countries that may send additional goods out of the United States in return.
Copper in London is cheaper after signals from the Chinese parliament
|
Azovpromstal® 13 March 2018 г. 10:00 |
