LME ASIAN WRAP: Copper prices fall on China economy slowdown

Apr 15, 2012 | 11:02 PM |

London Metal Exchange copper fell in early Asian trading on Monday April 16 as the market continued to absorb the news of China’s slow economic growth. By 02:22 London time, three-month copper was at $7,934.5, down $40.75 from its open. The contract traded between $7,978.25 and $7,915 per tonne. “The latest Chinese data is worse than expected, hitting on a market that is already weak due to pale fundamentals, as inventory has been high....

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