Copper drops on weak Euro zone's data

January 4, 2015 6:37 am 

LONDON, Jan 3 — Copper futures price on the London Metal Exchange (LME) closed lower on Friday, as manufacturing data of euro-zone dampening its economic outlook.

The euro-zone's final manufacturing purchasing managers' index (PMI), a gauge of the industry activities, was 50.6 in December 2014, revised down from its flash value of 50.8, said the London-based Markit Economics.

The three-month unofficial copper price dropped by 57.5 U.S. dollars, or 0.9 percent, to 6,242 U.S. dollars per tonne.

The three-month unofficial aluminium price lost by 12 U.S. dollars, or 0.7 percent, to 1,841 U.S. dollars a tonne.

The three-month unofficial nickel price slipped by 300 U.S. dollars, or 2 percent, to 14862.5 U.S. dollars a tonne.

Besides, the three-month unofficial zinc price increased by 17. 25 U.S. dollars, or 0.8 percent, to 2,195 U.S. dollars a tonne.

The three-month unofficial lead price edged up by 2.25 U.S. dollars, or 0.1 percent, to 1,860 U.S. dollars a tonne.

The three-month unofficial tin price grew by 50 U.S. dollars, or 0.5 percent, to 19,450 U.S. dollars a tonne. (PNA/Xinhua)

LAM/JSD

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