(Bloomberg) -- Copper fell in London, heading for
its fourth weekly decline since the beginning of May, on
speculation imports into China slowed as demand weakened in the
world's largest user of the metal. Aluminum, zinc and other
industrial metals dropped.
Imports probably fell by at least 48 percent to 100,000
metric tons, from close to a record in April, said traders and
analysts including Xue Feng at Maike Futures Co. China's customs
office will issue May data next week. Imports also may slide
this month and next, BNP Paribas analyst David Thurtell said.
Read more at Bloomberg Commodities News
its fourth weekly decline since the beginning of May, on
speculation imports into China slowed as demand weakened in the
world's largest user of the metal. Aluminum, zinc and other
industrial metals dropped.
Imports probably fell by at least 48 percent to 100,000
metric tons, from close to a record in April, said traders and
analysts including Xue Feng at Maike Futures Co. China's customs
office will issue May data next week. Imports also may slide
this month and next, BNP Paribas analyst David Thurtell said.
Read more at Bloomberg Commodities News
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