▲ Up
12:15 22-10-2017
АКИpress CA-News Tazabek Turmush
Copper prices drop 1% on China concerns
16:57, 12 March 2014, 737

AKIPRESS.COM - copper-wires Copper prices dropped more than 1% Wednesday, trading below $3 a pound as developments from China acted as a source of concern for investors, Fox Business reported today.

Copper for May delivery fell 4 cents, or 1.4%, to $2.911 a pound, and prices for a most-active contract are trading below the $3-a-pound level for the first time since July 2010, according to FactSet data.

A local Chinese-newspaper report overnight indicated China's central bank will respond to slowing loan demand by pumping more money into the banking system. Concerns about the effect of tightening efforts by China on loan demand follow Chinese trade data released earlier this week that came in much weaker than anticipated.

Full access to all news articles in English

1 month2000 somsubscribe
year20000 somsubscribe
These subscription fees are for private individuals only. Please contact us via phone +996 (312) 900-776 or email info@akipress.org for corporate subscription inquiries
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06