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Copper prices remained flat at the start of the week on the back of mixed economic data out of China, the Wall Street Journal reported.
Copper prices remained flat at the start of the week on the back of mixed economic data out of China, the Wall Street Journal reported.
As quoted in the publication:
Three-month copper on the London Metal Exchange was barely changed at $5,113 a metric ton in midmorning European trade. Other base metals were mixed on Monday.
The Caixin China manufacturing purchasing managers index, a gauge of nationwide manufacturing activity, rose to 48.3 in October from 47.2 in September. Still, a reading below 50 indicates contraction and the index has stayed below this level for eight consecutive months. The official gauge of China’s factory activity, released Sunday, was unchanged at 49.8 in October.
