Shanghai copper slides

06 Sep, 2011

Copper prices fell on Monday on gloomy US payroll data and a historic low for an index of the Chinese services sector, as doubts grew over growth in the world's largest economies. Traders said hopes of further monetary easing measures by the Federal Reserve and anticipation of restocking by copper users in the fourth quarter may limit losses.
The most-active November copper contract on the Shanghai Futures Exchange fell 0.7 percent to 67,360 yuan per tonne, after falling 0.5 percent on Friday.

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