for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

US copper ends down, hits 1-week low on econ woes

 NEW YORK, June 18 (Reuters) - U.S. copper futures ended
down for a third straight session on Friday, as concerns about
the global economy cast more doubt on demand prospects,
dragging the industrial metal down to its lowest price in a
week.
 For detailed report on global copper markets, click on
[MET/L]
 * Copper for July delivery HGN0 dipped 2.15 cents to
settle at $2.8840 per lb on the New York Mercantile Exchange's
COMEX division.
 * Range extended down from $2.9290 to $2.8445, its lowest
level since June 10.
 * COMEX estimated copper futures volume at 38,938 lots by 1
p.m. EDT (1700 GMT). Final volume on Thursday hit 47,770 lots.
 * Open interest up 1,317 lots to 138,094 contracts open as
of June 17.
 * Copper pressured by growing caution about global economic
growth - Adam Sarhan, chief executive of Sarhan Capital.
 * U.S. data Thursday showed jobless claims rose
unexpectedly last week as manufacturing, construction and
education sectors shed workers, while factory activity growth
plunge in the U.S. Mid-Atlantic region in June. [ID:nN17254724]
[ID:nN17165505]
 * Copper under additional pressure from slower demand
expectation in top-consumer China, after an official said
growth was expected to slow in the second half of this year and
double-digit growth for the full year seemed unlikely.
[ID:nTST000214]
 * Copper losses buck near three-week high in euro versus
U.S. dollar Friday. Euro headed for its biggest weekly gain in
more than a year. [USD/]
 * London Metal Exchange copper stocks <0#LME-STOCKS> down
2,750 tonnes at 457,425 tonnes on Friday, their lowest level
since early December 2009.
 * Shanghai copper stocks fell 3,388 tonnes to 135,944
tonnes this week, down for a sixth consecutive week to their
lowest since February.
 * For graphics showing global exchange metal stocks,
click:_w
here
 * COMEX copper inventories <COMEX/WHSTAT> flat at 101,925
short tons as of Thursday.
 * LME copper for three-months delivery CMCU3 ended at
$6,435 per tonne from Thursday's close at $6,446 per tonne.
(Reporting by Chris Kelly; Editing by David Gregorio)


















for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up