September 14 London Metal Exchange (LME) copper fell to four weeks on Thursday low, before some of China’s data is less than expected, directed at the world’s largest copper consumer demand is slowing. Three-month zinc fell 0.6 percent at $ 3,005 a tonne.
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Data show that China’s investment, industrial production and retail sales growth slower than expected, but housing sales and housing starts rebound, may make China’s overall economic growth remained relatively strong, and to achieve growth targets.
China’s non-ferrous metal production, including copper, aluminum, lead, zinc and nickel, fell to a one-year low in August, reflecting the Chinese government’s environmental governance action limiting the supply of base metals.
September 14 zinc (market) commodity index was 144.91, down 1.48 points from the previous day, compared with the highest point of 155.02 points (2017-08-21) fell 6.52%, compared with November 22, 2015 the lowest point 72.28 Point rose 100.48%. (Note: cycle refers to 2011-09-01 so far).
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