Commodity prices fall on fears of U.S.-China trade war
- 6 years ago
Trade tensions between the U.S. and China are starting to affect global commodity prices... as concerns of an economic slowdown looms and trade volumes dwindle.
Data compiled by Bloomberg show three-month copper futures on the London Metal Exchange... fell by more than two percent from the previous day to close at around 7-thousand-20 U.S. dollars per ton.
Copper is the most commonly used metal in China.
Prices of other metals including aluminum and white gold have also fallen.
July West Texas Intermediate crude also fell by nearly three-percent at the New York Mercantile Exchange to trade at around 65 dollars a barrel.
The price of U.S. soybeans, China's biggest American grain import, also fell more than 2 percent from the previous day, closing at just over 9 dollars a bushel.
Data compiled by Bloomberg show three-month copper futures on the London Metal Exchange... fell by more than two percent from the previous day to close at around 7-thousand-20 U.S. dollars per ton.
Copper is the most commonly used metal in China.
Prices of other metals including aluminum and white gold have also fallen.
July West Texas Intermediate crude also fell by nearly three-percent at the New York Mercantile Exchange to trade at around 65 dollars a barrel.
The price of U.S. soybeans, China's biggest American grain import, also fell more than 2 percent from the previous day, closing at just over 9 dollars a bushel.