By Jar Hur
Nov. 6 (Bloomberg) -- Copper declined by the 4 percent daily limit in Shanghai, tracking losses in London prices after U.S. jobs and industry data renewed global economic growth concerns.
Copper for January delivery on the Shanghai Futures Exchange fell by 1,300 yuan from the previous settlement price to 31,060 yuan ($4,549) a metric ton at the opening and remained at that level by 9:11 a.m. local time.
London Metal Exchange copper for three-month delivery declined 2.2 percent to $3,980 a ton after losing 5.4 percent yesterday.
To contact the reporter for this story: Jae Hur in Singapore at jhur1@bloomberg.net
Thursday, November 6, 2008
Shanghai Copper Futures Fall by Daily Limit on Demand Concern
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment