Manufacturing data sends copper prices higher
by Elaine Frei

Copper prices were higher Friday, helped by a report from the Federation of Logistics and Purchasing in China which showed that manufacturing there expanded for a second consecutive month, while a separate report showed that US manufacturing contracted less than had been anticipated in April.
In addition, London Metal Exchange copper inventories fell to 398,700 tonnes during the session, a decline of 1.7 percent after falling nearly by nearly 20 percent in April.
July copper was 5 cents higher to $2.10 per pound in midday trade in New York, while three-month copper gained $159 to $4,590 per tonne, or $2.09 per pound, in London.
Precious metals prices, meanwhile, were mixed as July silver added 25 cents around midday to $12.57 per troy ounce while at the same time June gold was down 80 cents to $890.40 per troy ounce and July platinum dropped 20 cents to $1,106.60 per troy ounce.
Add to Bookmarks:
Related posts to: Manufacturing data sends copper prices higher
Dollar, China data send copper prices higher ...
Gold gains on ISM US factory data, weaker dollar ...
Data sends copper prices slightly lower ...
Stronger dollar sends gold prices lower again ...
Copper little changed on Mid-Atlantic region manufacturing data ...
Latest Metals News:
Copper higher in London, New York
Investor concerns send copper prices lower
Copper, aluminium prices climb as other base metals fall
Copper up in London; inventories fall, cancelled warrants rise
Copper gains on US jobs data, China comments
Copper up on weaker dollar
Copper prices climb after Chile quake
Metals prices mixed in New York, London
Gold down slightly in NY on stronger dollar
Copper prices up after last week’s declinesPrevious: « LME stockpile declines boost copper prices
Next: Platinum prices gain on China hopes »
Visited 2631 times, 4 so far today