LME copper hits over 2-year high on solid China PMI data
London copper prices hit their highest in more than two years on Tuesday after data showed top consumer China saw a strong expansion in manufacturing activity in August.
Three-month copper on the London Metal Exchange jumped as much as 1.2% to $6,748 a tonne, its highest since June 27, 2018.
The most-traded October copper contract on the Shanghai Futures Exchange rose 0.6% to 52,320 yuan ($7,655.28) a tonne at 0219 GMT, having posted its longest monthly winning streak in 11 years in the previous session.
A private survey showed China's factory activity expanded at the fastest clip in nearly a decade in August, bolstered by the first increase in new export orders this year.
Copper output in Chile dropped 4.6% year-on-year in July to 467,913 tonnes, the second drop since the COVID-19 outbreak, official data showed.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next Baldor Enhances Same-Day Gearbox Assembly Operations
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
