OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Not down for the count

Posted by ipso facto @ 10:39 on August 1, 2014  

Copper price boost after China manufacturing jumps to 27-month high

In pre-open New York trade on Friday September copper jumped to a high of $3.2555 a pound after data out of China showed manufacturing activity at a 27-month high.

The latest jump came after the Chinese manufacturing purchasing managers’ index (PMI) indicated that the world’s second largest economy accelerated into the third quarter.

The official manufacturing PMI for July came in at 51.7, up from 51.0 in June, the highest since May 2012. A reading above 50 indicates expansionary conditions for industry.

The output and new orders components picked up showing strong domestic demand, while export orders, which had been lagging also improved.


No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.