China’s official manufacturing purchasing managers’ index (PMI) increased to 49.8 for September, better than market expectation of 49.5! This is near 50 and shows a desirable November!
Caixin PMI also improved to 51.4. As a result, the price of some of the minerals grew as follow:
Zink: +2.49% (USD 2366)
Lead: +2.53% (USD 2129)
Index for copper also increased +0.26% but dollar put pressure on global price of copper: -0.89% (USD 5710)