Slowing China growth weighs on Copper
21/10/2014 11:03
Copper futures were trading flat in the domestic market on Tuesday as investors and speculators stayed cautious over booking fresh positions in the industrial metal amid concerns that a deepening economic slowdown in China, the world’s biggest metals consumer, may curb demand for the base metal. China’s economy grew at the slowest pace since Q1 2009 at 7.3 per cent, year on year last quarter, data showed. At the MCX, Copper futures for November 2014 contract closed at Rs. 406.80 per 1 kg, down by 0.02 per cent, after opening at Rs. 407.05, against the previous closing price of Rs. 406.90. It touched an intra-day low of Rs 406.55. (At 10:52 AM).
21/10/2014 11:03
Copper futures were trading flat in the domestic market on Tuesday as investors and speculators stayed cautious over booking fresh positions in the industrial metal amid concerns that a deepening economic slowdown in China, the world’s biggest metals consumer, may curb demand for the base metal. China’s economy grew at the slowest pace since Q1 2009 at 7.3 per cent, year on year last quarter, data showed. At the MCX, Copper futures for November 2014 contract closed at Rs. 406.80 per 1 kg, down by 0.02 per cent, after opening at Rs. 407.05, against the previous closing price of Rs. 406.90. It touched an intra-day low of Rs 406.55. (At 10:52 AM).
