Copper Falls to $6,636.50 per Tonne Ahead of Chinese Data

Copper for delivery in three months fell 0.5 percent or $33.18 on the London Metal Exchange on Wednesday to trade at $6,636.50 per tonne, according to The Wall Street Journal.

“Copper is [an] underperformer within base metals this morning, however declines have been underlined by very light flows,” Marex Spectron head of analytics Vicky Sanders wrote in a note to clients.

Copper for May delivery on New York’s Comex was down 1.3 percent or $0.0395 on Wednesday to trade at $3.0115 a pound, The Wall Street Journal reported. Investors are reducing their holdings in anticipation of U.S. Federal Reserve March meeting minutes and Chinese economic data, both set for release soon, according to the Journal.