Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were generally weaker on the morning of Wednesday September 1, in the face of further evidence of a slowdown in manufacturing activity.
Chicago's manufacturing purchasing managers' index (PMI) fell to 66.8 in August from 73.4 in July China's Caixin manufacturing PMI also showed contraction with a fall to 49.2 in August, from 50.3 in July There is a barrage of economic data out later on Wednesday to provide further insight into the global economyBase metalsThree-month base metals prices on the LME were mixed but down overall; aluminium ($2,710 per tonne) and lead ($2,262 per tonne) were bucking the trend with small gains of 0.1% and 0.2% respectively, while the rest of the complex were down by an average of 0.6%, with copper down by 1% at $9,436 per tonne. The most-active base metals contracts on the SHFE were mainly lower, the exception was October...