Base metals prices on the London Metal Exchange were little changed on the morning of Monday November 1 compared with their month-end figures from last Friday, with Chinese data pointing to a slowdown in its economy and a strong US Dollar index capping price moves.
The official purchasing managers' index (PMI) readings from China over the weekend showed the manufacturing PMI fell to 49.2 in October, down from 49.6 in September and below the expected of 49.7, according to the National Bureau of Statistics. The non-manufacturing PMI was at 52.4, also lower than 53.2 in September and the projected reading of 53.0.This was all reflective of "the effect of emission restrictions, power shortages, recent turbulence in the nations property sector and strict measures to contain outbreaks...