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01-Jan2019

Copper futures end lower on weak Chinese data

Copper futures ended lower on Monday, hurt by weak Chinese economic data as traders watched for the latest trade developments between the US and China. Reports showed China's manufacturing sector fell into contraction in December, the latest survey from the National Bureau of Statistics showed with a PMI score of 49.4, down from the no-change mark 50.0 in November.

Copper futures for March delivery fell 1.9 percent to settle at $2.6310 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 0.5 percent at $5,965 a tonne.


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