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Home / Metal News / [Cu] CBI Morning Review - 2009/1/4 Copper Market

[Cu] CBI Morning Review - 2009/1/4 Copper Market

iconDec 7, 2009 13:16

SHANGHAI, Jan. 4 (CBI China) -- On Jan. 2nd, LME copper closed at USD 3210/mt, up USD 130/mt. This round of rise was affected by short-covering, at the same time, the adjustments of the annual major commodity index weighting also boost copper prices. Recently, crude oil will remain strong due to geopolitical tensions and the U.S. strategic reserve of crude oil, which is good news for commodity market. SHFE copper prices are expected to rise following the LME copper trend tomorrow.

 

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