Comex Copper Futures End Marginally Lower On Thursday

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Comex copper futures ended marginally lower on Thursday, while London copper prices settled unchanged and held near two-year highs due to expectations of stronger demand from world’s top consumer China and a weak dollar. Reports showed that growth in China's services sector slowed in July, but data earlier showed manufacturing grew strongly, underpinning demand for metals.

Copper futures for September delivery fell 0.2 percent to settle at $2.878 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended unchanged at 6,352 a metric ton.

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