Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Language: 
[Cu] SMM Morning Review - 2009/10/22 Copper Market
Dec 7, 2009 13:16Source:SMM
SHANGHAI, Oct. 22 (SMM) -- The strong US business results for 3Q increased market confidence in economic recovery, drawing investor attention to higher-yield currencies, and the US dollar index dropped below 75 as a result, and crude oil prices soared to USD 80/barrel. In addition, the Chile strike also helped push up copper prices. LME copper prices hit a daily high of USD 6,670/mt, and closed at USD 6,655/mt, up USD 245/mt. LME copper inventories increased by 5,275mt, bringing total inventories to 362,550mt. Technically, LME copper prices have broken through the previous fluctuation range, and will likely move up to test USD 6,800/mt in the near term.
Copyright © 2009, 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
SMM Events & Webinars
All- Oct20
Li-ION BATTERY China
Oct 20 - 21,2025Xiamen, China
- Oct20
APAC (10th) Stainless Steel Industry Conference 2025
Oct 20 - 21,2025Xiamen, China
- Oct22
2025 15th APAC TIN INDUSTRY CONFERENCE
Oct 22 - 24,2025The 2025 Tin Industry Annual Conference will focus on "Opportunities and Challenges in a New Era.Yunnan · Gejiu
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
