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China Industrial Profit Data Weighs on Copper Prices; JIANGXI COPPER (00358.HK) and MMG (01208.HK) Drop Over 3%
2026-09-28 12:02:41 China's profits of industrial enterprises above designated scale in August saw YoY growth slow to 4.2% (from an 11% increase in July). Traders are assessing the outlook for China's demand, weighing on copper prices. JIANGXI COPPER (00358.HK) is currently reported at HKD31.78, down 3.52%, with turnover of 4.3567 million shares, involving HKD139 million. MMG (01208.HK) is currently reported at HKD8.25, down 3.45%. CHINFMINING (01258.HK) is currently reported at HKD15.12, down 2.39%. Benchmark copper futures on the London Metal Exchange (LME) recently fell about 1%. Although tight supply in the China market has supported copper prices near historical peaks, traders are closely monitoring macroeconomic factors, including slowing consumption and investment, weak corporate confidence, and the government's maintenance of prudent fiscal spending.(mn/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |