Metals News
[Cu] CBI Morning Review - 2009/1/13 Copper Market
smm insight
Dec 7,2009

SHANGHAI, Jan. 13 (CBI China) -- It is reported that China's State Reserve Bureau would stop reserves of copper due to prices, LME inventory increased by 5,925 mt, and the total inventory reached 369,500 mt. The demand concerns deepened, LME copper declined by USD 170/mt, closed at USD 3260/mt. SHFE copper is expected to recover, the copper price fluctuated frequently recently, dampening the market sentiment, as a result, the market transactions were slim.

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