皇冠体育app

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Growth curbs push down copper prices

(皇冠体育app Daily)
Updated: 2010-06-02 09:41
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LONDON - Copper fell for a second day in London on concern about the outlook for demand in 皇冠体育app, the world's biggest consumer, after manufacturing expanded at a slower pace and property transactions dropped.

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The Purchasing Managers' Index fell to 53.9, missing the median estimate in a Bloomberg News survey of economists. Real-estate sales in Beijing, Shanghai and Shenzhen slid as much as 70 percent in May as developers delayed sales after government tightening measures. Concern about potential growth curbs in 皇冠体育app helped to pull copper down for a second month in May.

Investors are concerned that 皇冠体育app may try to "restrain growth and curb lending", Andrey Kryuchenkov, an analyst at VTB Capital, said.

Bloomberg News