Singapor : London copper prices drifted down on Wednesday, pressured by a recovery in the dollar from a four-week low and worries over softer demand from top consumer China.
Three-month copper on the London Metal Exchange was down 0.3 percent at $6,130 a tonne by 0237 GMT, retreating from a two-week peak of $6,167 reached on Tuesday.
On the Shanghai Futures Exchange, the most-traded October copper rose 0.7 percent to 48,990 yuan ($7,127) a tonne, tracking overnight gains in London.
Data released earlier this month showed signs of further cooling in China´s economy, with investment growth slowing to a record low.
"It´s a bit difficult for copper prices to go up because the whole sentiment is weak especially about the demand outlook for China," said Helen Lau, analyst at Argonaut Securities.
A Nestlé office seen in this undated image.—The News/File LAHORE: Nestle Pakistan has released its 2023 Creating...
An undated image of a gold set displayed at a jewellery store. — AFP/FileKARACHI: Gold prices increased by Rs2,500...
Institute of Chartered Accountants of Pakistan building seen in this undated photo. — Business Recorder/FileKARACHI:...
A representational image of the SECP logo. — X/@SECPakistan/FileISLAMABAD: The Securities and Exchange Commission of...
A representational image showing farmers harvesting wheat crops in a field. — AFP/FileISLAMABAD: The Federation of...
A foreign currency dealer counts US dollar notes at a currency market in Karachi on July 19, 2022. — AFPNew York:...