Copper falls on weak data from U.S. on Thursday
Xinhua, April 3, 2015 Adjust font size:
Base metal prices on the London Metal Exchange (LME) closed mostly higher on Thursday, while copper prices fell on weak data from the U.S. job market and manufacturing.
In the week ending March 28, the advance figure for seasonally adjusted initial unemployment claims was 268,000, a decrease of 20,000 from the previous week's revised level, according to the U.S. Labor Department Thursday.
Besides, the March manufacturing purchasing managers index (PMI) decreased from February's reading of 52.9 to 51.5, marking the lowest level since May 2013, said the Institute for Supply Management.
The three-month unofficial copper price dropped 22 U.S. dollars, or 0.37 percent, to 5,996 U.S. dollars per tonne.
The three-month unofficial aluminum price increased 4 U.S. dollars, or 0.23 percent, to 1,779 U.S. dollars a tonne.
The three-month unofficial lead price increased 32 U.S. dollars, or 1.75 percent, to 1,862 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price increased 37.5 U.S. dollars, or 1.80 percent, to 2,121.5 U.S. dollars a tonne.
The three-month unofficial nickel price increased 450 U.S. dollars, or 3.58 percent, to 13,012.5 U.S. dollars a tonne.
The three-month unofficial tin price increased 175 U.S. dollars, or 1.06 percent, to 16,725 U.S. dollars a tonne. Endit