Copper prices set for second monthly drop on dismal China data

BEIJING (May 31) Copper prices drifted lower on Wednesday andwere set for a second consecutive monthly drop, as weaker-than-expected manufacturing data from top consumer China and lacklustre global economic performance dampened demand outlook.

Three-month copper on the London Metal Exchange CMCU3 was down 0.6% at $8,078.50 a tonne by 0749 GMT.

Copper prices drifted lower on Wednesday andwere set for a second consecutive monthly drop, as weaker-than-expected manufacturing data from top consumer China and lacklustre global economic performance dampened demand outlook.

Three-month copper on the London Metal Exchange CMCU3 was down 0.6% at $8,078.50 a tonne by 0749 GMT.

Copper prices drifted lower on Wednesday andwere set for a second consecutive monthly drop, as weaker-than-expected manufacturing data from top consumer China and lacklustre global economic performance dampened demand outlook.

Three-month copper on the London Metal Exchange CMCU3 was down 0.6% at $8,078.50 a tonne by 0749 GMT.

SHFE aluminium SAFcv1 added 0.4% to 18,015 yuan a tonne, zinc SZNcv1 slid 0.5% to 19,240 yuan, lead SPBcv1 nudged 0.2% lower to 15,195 yuan, nickel SNIcv1 fell 4.8% to 156,100 yuan, and tin SSNcv1 slipped 1.4% at 206,450 yuan.

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