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Print[Ferro-Alloys .com] The London Metal Exchange copper price slipped in Asian morning trading on Monday November 4, as investors stayed on the sidelines ahead of the plenary session of China’s Communist Party and jobs data from the USA.
At 02:30 London time, the three-month copper was at $7,240.25 per tonne, down $14.75 from its opening. “China’s latest manufacturing data was good but the market focus is not on macro data anymore. This week, people will wait for cues from the plenary session,” Xu Yongqi, an analyst at Guotai Junan Futures in Shanghai, said.
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