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China manufacturing data PMI pressures base metals-The 17th China(Guangzhou)Int’l Spring Industry Exhibition
11/4/2015 Spring Industry expo |
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Reuters reported that copper prices touched a one-month low on Monday as weak manufacturing data from China reinforced concerns about demand in the world''s top user, but later recovered as the market noted stronger export orders and a lower dollar. Benchmark copper on the London Metal Exchange hit a low of $5,086.50 a tonne. The metal, used in power and construction, ended up 0.3 percent at $5,125 a tonne.
The Caixin/Markit China Manufacturing Purchasing Managers'' Index came in at 48.3 in October, showing factory activity shrinking for the eighth consecutive month. However, the export component rose to 50.7, the first expansion since June.
Clues to Chinese demand will come next week with the release of industrial production and investment data.
Three-month aluminium gained 0.9 percent to close at $1,492 a tonne. Zinc lost 1.5 percent to $1,684 a tonne, lead rose 0.2 percent to $1,698, tin fell 1.1 percent to $14,825 and nickel gained 0.6 percent to $10,120 a tonne.
彈簧展-2016第十七屆廣州國際彈簧工業展覽會-全球最大彈簧展會-巨浪展覽 -spring
- spring industry - spring industry expo-The 17th China(Guangzhou)Int’l Spring Industry Exhibition
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