13 May 2014 06:20 GMT DJ Copper Remains Vulnerable to Pullback After China Data - Analyst -- Market Talk 0620 GMT [Dow Jones] Copper remains vulnerable to a pullback as major indicators in Chinas property sector suggest a slowdown, Helen Lau, a senior analyst at UOB Kay Hian says. Chinas housing data for the January-April period showed sales slipped 9.9% on year and construction starts fell 24.5% on year. The slowdown in housing sales have accelerated, she said, adding the commodity demand is slowing down and seasonal demand in April has not been strong. LME 3-month copper is at $6,836.75/ton, down $41.25 from its previous close. (arpan.mukherjee@wsj; Twitter: @ArpanMukherjee) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones (END) Dow Jones Newswires May 13, 2014 02:20 ET (06:20 GMT)
Posted on: Tue, 13 May 2014 10:27:08 +0000
Trending Topics
Recently Viewed Topics
© 2015