Home / Metal News / [Cu] CBI Morning Review - 2008/12/25 Copper Market

[Cu] CBI Morning Review - 2008/12/25 Copper Market

iconDec 7, 2009 13:16
Source:SMM

SHANGHAI, Dec. 25 (CBI China) -- U.S. Department of Commerce announced that durable goods orders in November declined by 0.6% which was lower than market expectations, U.S. stocks rose. But last week the number of unemployed people increased by 30,000, a large number of funds were withdrew before the holiday, the increases of LME copper were restricted, three-month LME copper closed at USD 2,850/mt, up USD 25/mt. The inventories increased by 3,250 mt with the total inventories of 331,450 mt. Recently, the news about the reserves for aluminum and zinc boosted the SHFE copper market, as a result, SHFE copper was stronger than LME copper. SHFE copper is expected to remain fluctuation during the Christmas holiday.


Copyright © 2008, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040

CBI China CBMB
copper Cu
Market movement

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn