Copper dips after HSBC China flash PMI data
23/01/2015 12:03
Copper prices fell by 1.07 per cent on Friday at the domestic markets after the HSBC China flash January PMI showed the manufacturing sector still in contraction though there was a slight trend improvement over last month's final. The HSBC January initial estimate came in at 49.8, compared to December's final of 49.6, but the January flash output index ticked up to 50.1 from 49.9 in December, placing it just in expansion territory above 50. At the MCX, copper futures for February 2015 contract were trading at Rs.347.20 per 1 kg, down by 1.07 per cent, after opening at Rs. 349.50 against the previous closing price of Rs. 350.95. It touched the intra-day low of Rs. 346.40 till the trading. (At 11.45 AM today).
23/01/2015 12:03
Copper prices fell by 1.07 per cent on Friday at the domestic markets after the HSBC China flash January PMI showed the manufacturing sector still in contraction though there was a slight trend improvement over last month's final. The HSBC January initial estimate came in at 49.8, compared to December's final of 49.6, but the January flash output index ticked up to 50.1 from 49.9 in December, placing it just in expansion territory above 50. At the MCX, copper futures for February 2015 contract were trading at Rs.347.20 per 1 kg, down by 1.07 per cent, after opening at Rs. 349.50 against the previous closing price of Rs. 350.95. It touched the intra-day low of Rs. 346.40 till the trading. (At 11.45 AM today).
