Breaking News

You are here » Indian-Commodity  :  Commodities  :  Copper  :  Copper futures end lower on Thursday

04-Jan2019

Copper futures end lower on Thursday

Copper futures ended lower on Thursday after Apple blamed slowing iPhone sales on China, reinforcing expectations of slowing economic and demand growth in the world's top consumer of industrial metals. Apple on Wednesday cut its quarterly sales forecast, blaming sales in China, where growth has been curbed by a trade dispute with the United States. Copper prices declined further by the weak Chinese data showing the Caixin/Markit Manufacturing Purchasing Managers' Index for December fell to 49.7 from 50.2 in November, marking the first contraction since May 2017.

Copper futures for March delivery fell 2.1 percent to settle at $2.568 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 1.8 percent at $5,736 a tonne.   


Related News

View all news

Copper futures end higher on Monday

Copper futures ended higher on Monday. Though, worries about demand in world's top consumer China after data showed weaker economic growth and expectations of slowing activity ahead of the Lunar New Year......

Copper futures end higher on China stimulus measures

Copper futures ended higher on Thursday as China's move to inject liquidity into the financial system boosted expectations of higher demand in the world's top industrial metals consumer. The People's Bank......

Copper futures end higher on China stimulus hopes

Copper futures ended higher on Wednesday, buoyed by signs of more stimulus from world's top metals consumer China as it aims to achieve 'a good start to 2019' in the first quarter. In a sign of improving......

Top News

View all news

Maruti Suzuki opens bookings for New Baleno

Maruti Suzuki India has opened bookings for the new edition of India's most preferred premium hatchback, Baleno. New Baleno, the style icon of Nexa has been refreshed with a fresh sense of premium-ness......

SpiceJet reports passenger load factor of 92.7% in December

SpiceJet has reported the Passenger Load Factor (PLF) of 92.7% during the month of December 2018. The company had reported PLF of 91.1% during the month of November 2018.The PLF is a key indicator of the......

InterGlobe Aviation reports passenger load factor of 88.9% in December

InterGlobe Aviation (IndiGo) has reported the Passenger Load Factor (PLF) of 88.9% during the month of December 2018. The company had reported PLF of 84.9% during November 2018. The PLF is a key indicator......