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
Source:SMM

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.

 

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