Metals News
[Cu] CBI Morning Review - 2008/12/4 Copper Market
smm insight
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Dec. 4 (CBI China) -- U.S. dollar went strong while crude oil prices declined, coupled with Dow John’s industry index falling. In this context, LME copper prices dropped further, down to USD 3,350/mt at lowest; closed at USD 3410/mt, down USD 115/mt, decline narrowed as stock market warmed up. CBI suggests pay close attention to that EU may cut interest rate drastically tonight. SHFE copper price is expected to decline sharply along with LME copper price.


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