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Home / Metal News / [Cu] CBI Morning Review - 2008/12/30 Copper Market

[Cu] CBI Morning Review - 2008/12/30 Copper Market

iconDec 7, 2009 13:16
Source:SMM

SHANGHAI, Dec. 30 (CBI China) -- LME copper resumed trading, the metal market improved due to the soft U.S. dollar and oil prices hike. However, LME copper rose slightly, three-month LME copper closed at USD 2885/mt, up USD 35/mt, the inventories increased by 5250 mt, the total inventories reached 336,700 mt, exerting pressure on copper prices. The downstream demand was weak before New Year and the transactions were slim, as a result, SHFE copper prices will fluctuate slightly following the trend of LME copper.


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