Metals News
[Cu] CBI Morning Review - 2008/12/22 Copper Market
smm insight
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Dec. 22 (CBI China) -- The Bush Government bailout plans for auto industry boosted the stock market, LME copper closed at rise. Three-month LME copper closed at USD 2925/mt, up USD 50/mt. The inventory increased by 125 mt, the total inventory was 324300 mt, the inventory has increased by more than 30,000 mt during December, so the market outlook is not good. SHFE copper inventory increased slightly within 20,000 mt, and the recent trend will continue to be a little stronger than the outside trading.


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