Copper prices continue to slide lower as fears mount over a prolonged economic slowdown in China. Surging commodity prices and stresses in the property sector have hampered economic activity in China, in turn putting pressure on demand for metals. Factory shutdowns across mainland China have significantly slashed global demand for metals, with copper down roughly 9.5% from the October swing high. Chinese PMI data for October showed the second consecutive monthly contraction, yet another worrying signal that the domestic economy has applied the handbrake.
