por admin » Jue Abr 18, 2013 7:47 am
Los precios del cobre cayeron por segundo dia consecutivo a su nivel mas bajo en 18 meses, el metal va camino al territorio bear ante las preocupaciones del crecimiento en China.
El Jueves, el sell off comenzo en el Asia donde los inversionistas redujeron sus tenencias de cobre, oro y petroleo. Los datos economicos recientes de China pronostican menor demanda por las materias primas incluyendo el cobre, el cual se usa en una variedad de productos industriales desde tuberia hasta cables para los productos electronicos.
El cobre cayo debajo de $7,000.
El cobre en territorio bear por segundo dia.
COMMODITIESApril 18, 2013, 8:21 a.m. ET
Copper Slide Continues
By LAURA CLARKE and MATT DAY
Copper prices declined sharply for the second straight day, hitting a fresh 18-month low, as the industrial metal headed toward a bear market amid worries about China's growth.
Thursday's selloff started in Asia, where investors pared back their holdings in copper, gold and oil. Recent economic data and forecasts related to China point to less demand for raw materials, including copper, which is used in a range of industrial goods, from plumbing to wiring to electronics manufacturing.
Copper prices have come under pressure during Chinese trading hours recently, said Michael Turek, senior director of metals at brokerage Newedge, potentially a sign of weaker demand from the world's top consumer of the metal.
Copper fell below $7,000 a ton for the first time since October 2011 on the London Metal Exchange. Recently, LME copper for delivery in three months was 1.3% lower on the day at $6,988.25 a metric ton.
In New York, copper for May delivery, the most actively traded futures contract, was down 0.9% at $3.1605 a pound after falling as low as $3.06. April copper, the front month, was down 1.1% at $3.1515 a pound.
Copper entered bear-market territory for a second day, notching a roughly 20% drop from its February 2012 high of $3.9785 a pound. On Wednesday, copper entered a bear market but closed above the threshold of roughly $3.18.
"Copper, while off the lows, is really struggling," Mr. Turek said.
Traders cited China's lower-than-expected reading for first-quarter growth in its gross domestic product earlier this week as a big driver of the week's selloff. Contributing to the pessimism about demand was the International Monetary Fund, which on Tuesday lowered its global-growth projections. The euro's weakness against the dollar made copper relatively more expensive, and less attractive, for consumers and investors in Europe, the world's second-biggest market for physical copper