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05-Apr2019

Copper futures end lower amid weak German factory data

Copper futures ended lower on Thursday as weak German factory data underlined concerns about the outlook for demand. Reports showed German industrial orders fell by 4.2%, their sharpest rate in more than two years, in February, hit by a slump in foreign demand. However, positive signals from US-China trade talks, capped some losses.

Copper futures for May delivery declined 1.3 percent to settle at $2.91 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 0.6 percent at $6,450.50 a tonne.


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