MYMETAL: China Cu prices fall as mood turns gloomy
Nov 19, 2019 16:30
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The national average price for 99.99% copper cathode across China headed down during the November 11-15 week, losing Yuan 444/tonne ($63/t) on week to reach Yuan 46,908/t including 13% VAT as of November 15, according to Mymetal’s latest weekly study.
Last Friday was also the day that the country’s National Bureau of Statistics (NBS) tabled disappointing economic figures for October which darkened the previously sanguine mood of China’s copper sector, Mymetal noted. Mymetal is a Mysteel publication reporting non-ferrous news and prices.
As of last Friday, the most-traded copper contract on