COMEX November 12th copper review

- Nov 15, 2018-

NEW YORK, Nov. 12 (Xinhua) -- COMEX copper continued its recent decline on Monday as investors feared that a further slowdown in China's economic growth would jeopardize demand for copper and other basic materials.


The most active December copper contract fell 0.80 cents, and the settlement price was 2.6765 dollars per pound.


In November, copper contracts fell 0.85 cents or 0.3% in recent months, and the settlement price was 2.6780 dollars per pound.


Copper prices have fallen 18% from the four-year high hit in June, weighed down by concerns that slowing economic growth in China will affect copper demand.


Geordie Wilkes, director of financial research at Sukton, said: "Macro-pressures continue to drag down the market, such as China's economic growth, political uncertainty in Europe and a strong dollar."


"People now expect the G20 to dispel some uncertainty, but I am cautious about the Sino-US trade war negotiations."