METALS-Shanghai metals lower as weaker China GDP data looms [Reuters]
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Source: Reuters
METALS-Shanghai metals lower as weaker China GDP data looms | Reuters Reuters Staff 4 Min Read SYDNEY, Jan 18 (Reuters) - Shanghai base metals futures were under pressure ahead of the release of data later on Thursday that is expected to show China’s economic growth slowed in the fourth quarter. The near-across-the board decline was lead by copper and aluminium, which are trading at one-month lows. Analysts polled by Reuters expect the world’s second-largest economy to have grown 6.7 percent in the October-December quarter from a year earlier, cooling from the previous quarter’s 6.8 percent pace. The release of China’s fourth-quarter and 2017 GDP data, including for December factory output, retail sales and fixed-asset investment, is scheduled for 0700 GMT, a delay from its usual 0200 GMT release time. * SHFE COPPER: The most-traded copper contract on the Shanghai Futures Exchange was down 0.4 percent by 0115 GMT at 53,443 yuan ($8,307) a tonne, the lowest since Dec. 19. * LME COPPER:
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