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Print Print edition: 2011-05-13

Shanghai copper falls

Published Updated

London copper fell on Thursday after plunging overnight to its lowest price since December on concern about slow demand from China, the world's top consumer. The most-active July copper contract on the Shanghai Futures Exchange tracked losses on the London contract, shedding 3.2 percent to 64,220 yuan a tonne at its close, bouncing off a session trough of 64,110 yuan, another five-month low.
Slower-than-expected industrial output growth from China on Wednesday could signal further softness in demand for copper from the world's largest metals consumer.

Copyright Reuters, 2011

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