By Glenys Sim Nov. 11 (Bloomberg) -- Copper fell for a second day in Asia as China’s imports of the metal used in construction dropped to a nine-month low amid growing inventories, offsetting better- than-estimated Chinese and Japanese economic data. Imports of copper and its products by China, the world’s largest user, fell 34 percent in October from the previous month to 263,109 metric tons. That’s the lowest monthly total since January’s 232,700 tons, according to data compiled by Bloomberg. Copper for delivery in three months on the London Metal Exchange fell as much as 0.3 percent to $6,510 a ton, reversing gains of as much as 0.5 percent as China’s industrial production climbed the most since March 2008, and Japan’s machinery orders rose at more than twice the pace economists estimated. The contract traded at $6,525 a ton at 2:31 p.m. To contact the reporter for this story: Glenys Sim in Singapore at gsim4@bloomberg.net

Source