Home Economy Exchange price of copper falls on Chinese statistics

Exchange price of copper falls on Chinese statistics

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Amid reports of a decline in business activity in the Chinese industrial sector, the price of copper falls by about 1%, follows from quotes on the Comex exchange. September copper futures are trading at $3.55 per pound (-0.91%), while on the London Metal Exchange (LME) the price of a tonne of copper rose to $7917.5 per pound (up 2%) on the basis of past trading. July 31 The National Bureau of Statistics of the People’s Republic of China reported a reduction in the business activity index (PMI) in the national industrial sector from 50.2 to 49 points. The indicator turned out to be lower than the analysts’ forecast, who had expected it to rise to 50.4 points. Even more news is in the Kommersant Telegram channel. Andrey Sapozhnikov.

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