US copper ends down as Chinese demand worries bite
NEW YORK, June 19 (Reuters) - U.S. copper futures weakened into the close on Friday, tracking a negative reversal in equity markets and surrendering their bullish momentum from growing concerns about over-supply issues in China, the world's top copper consumer.
For detailed report on global copper markets, click on [MET/L]
* Most-active copper for September delivery HGU9 slipped 2.05 cents to settle at $2.2615 a lb on the New York Mercantile Exchange's COMEX division.
* Session range from $2.2520 to $2.3050.
* COMEX estimated futures volume at 26,974 lots by 1 p.m. EDT (1700 GMT). Final volume on Thursday hit 23,836 lots.
* Open interest up 244 lots at 113,747 contracts open as of June 18.
* Copper ends down in sympathy with late reversal in Dow Jones industrial average .DJI - traders.
* Copper losses limited by weaker dollar after recent batch of economic data dents safe-haven demand for the U.S. currency. [USD/]
* Reports on Thursday showing upbeat U.S. factory and labor data provided more evidence that the global economy is recovering from its deep recession. [MKTS/GLOB] Continued...
One Year Later
Mumbai held tearful memorials and police staged a show of strength as it marked the first anniversary of militant raids that killed 166 people and pushed up tensions with Pakistan. Slideshow | Full Coverage











