Copper Retreats on Continued Concern About Chinese Demand

Bloomberg reported that, once again copper falls victim to concern surrounding Chinese demand with more signs pointing to slowing economic growth.

As quoted in the market report:

People are bearish on China,” Gayle Berry, an analyst at Barclays in London, said by phone. “They see base metals as a bearish China trade. Whenever you get any rallies, even any strength in metals prices, you’re going to see that being sold into. Copper has experienced some of that.

To view the whole Bloomberg report, click here.