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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (14536)	11/1/2004 7:18:22 PM
From: RealMuLan	Respond to of 116555

Copper Prices Fall Amid Concern of Slowing Consumption in China Nov. 1 (Bloomberg) -- Copper prices in New York fell for the second session in three on signs of slowing demand from manufacturers in China, the world's biggest buyer of the metal. China's manufacturing activity fell to the slowest pace in six months in October, said CLSA Asia-Pacific Markets in Hong Kong. Companies had reduced access to funding as the government boosted interest rates, and higher oil and steel costs slowed spending. Copper rose to a 15-year high last month. ``The Chinese rate hike, while too small to affect business, is signaling the government's desire to apply some restraint,'' said James Holme, president of H&H Metals Corp. in New York. bloomberg.com