Copper prices fail to hold $8,200 after US jobs data

May 04, 2012 | 11:48 AM |

Copper prices retreated below $8,200 per tonne in kerb trading on the London Metal Exchange on Friday May 4, under pressure after US employment data for April lagged expectations.
Non-farms payroll data showed 115,000 jobs were added in April, down from 154,000 in the previous month. Unemployment stood at 8.1%, up ten basis points from the previous month.
Copper prices came under pressure over the course of the week as market participants anticipated a disappointing jobs number, and positions were trimmed further ahead of the close of trading on Friday. ....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results