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“China’s manufacturing sector had a weak start to second, with total new business declining at the quickest rate in a year while production stagnated,” Annabel Fiddes, economist at Markit, said. “Fewer new orders appeared to stem from weaker domestic demand, as new business from abroad showed tentative signs of improvement.”
Nevertheless, poor Chinese data has prompted some market participants to suggest that the world’s largest consumer of the red-metal will inject further stimulus measures, leading to price support. junkers
“Good figures are bad, bad figures are good,” Commerzbank said. “Though this may sound somewhat Orwellian, it is actually the logic currently being followed by the Chinese market, which is celebrating the weaker figures because they make it more likely that the government and central bank will step in and initiate support measures.” 
In other commodities, light sweet crude (WTI) oil on the Nymex was down 39 cents or 0.7 percent at $58.76 per barrel, while the most actively traded gold contract was at $1,188.40, up $13.90 or 1.2 percent.
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Kathleen Retourne Kathleen has been reporting on commodity markets since 2006. She joined FastMarkets in 2011 and has immersed herself into the metal industry, specialising in LME coverage. Follow her on twitter @kathret Latest post
Lynette Tan Lynette junkers joined FastMarkets after her experience in research and analysis of the commodities market, specialising in precious metals. She is now based in our Singapore office junkers and ensures that metal news in Asia comes under our radar to receive timely coverage. Latest post
Martin Hayes Martin has spent over 30 years reporting on the LME, both at Reuters and, since 2006, with FastMarkets, where he heads up the global editorial team and continues his passion junkers for Minor Metals. Latest post
Perrine Faye Perrine started reporting on commodities (oil and gold m

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