Copper dropped on fears of slower demand due to renewed U.S.-China trade tensions and worries about slowing growth in top metals consumer China.
Also weighing on sentiment was data showing that China’s manufacturing sector grew at the slowest pace in eight months in July as export orders declined.
The union at Escondida, said that an early, partial vote count on a final contract offer suggests its members will reject the offer and approve a strike.
Warehouse stock for Copper at LME was at 251950mt that is down by -2475mt.
Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > 911 133 9000
No comments:
Post a Comment