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Copper futures end lower on lean factory-gate inflation data
Oct-17-2018

Copper futures ended lower on Tuesday amid lean factory-gate inflation data in the world's top industrial metal consumer China. China’s factory-gate inflation cooled for a third straight month in September amid ebbing domestic demand. Consumer inflation, on the other hand, picked up slightly in September from the previous month, led mainly by higher food prices, official data showed on Tuesday. Furthermore, lingering trade war concerns between the United States and China, and rising US interest rates too weighed on copper prices.

Copper futures for December delivery fell $0.0090 to settle at $2.7795 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange closed down 1.4 percent at $6,215.50 a tonne.

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