Base metal prices weak on poor Chinese data in LME pre-market
Apr 13, 2012 | 04:59 AM
Base metals prices were weak during the pre-market session on the London Metal Exchange on Friday April 13, following poor Chinese GDP data overnight, a category II broker said.
Copper prices opened at $8,203 per tonne, basis three months, but dropped to $8,080 before 9:30 BST, and were trading at $8,094 at 9:34 BST.
“It’s been weaker overnight, after the Chinese data. [Chinese GDP growth] was below forecast, which was about 8.5%....
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