Comex copper prices fell in the US morning on Monday October 1 due to poor Chinese manufacturing data released overnight.
Copper prices for December settlement on the Comex division of the New York Mercantile Exchange fell 2.50 cents or 0.9% to $2.78 per lb. Earlier today, the contract hit an intraday low of $2.755, the lowest since September 21.In critical data points, Chinese Caixin manufacturing PMI stood at 50 basis points below the forecast of 50.5. The reading indicates that the manufacturing sector is close to contraction moving...