SMM Morning Review - 2010/1/19 Copper Market -Shanghai Metals Market

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SMM Morning Review - 2010/1/19 Copper Market

SMM Insight 10:04:11AM Jan 19, 2010 Source:SMM

SHANGHAI, Jan. 19 (SMM) -- The US market closed for the holiday. LME copper inventories fell by 2,025 mt, and it was the first decline since last October. Supported by the news, LME copper prices held earlier gains in Asian trading hours, with prices ending at USD 7,500/mt, up USD 70/mt. Although prices rallied, spot trading market was not brisk, and time was still needed for market acceptance.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

SMM Morning Review - 2010/1/19 Copper Market

SMM Insight 10:04:11AM Jan 19, 2010 Source:SMM

SHANGHAI, Jan. 19 (SMM) -- The US market closed for the holiday. LME copper inventories fell by 2,025 mt, and it was the first decline since last October. Supported by the news, LME copper prices held earlier gains in Asian trading hours, with prices ending at USD 7,500/mt, up USD 70/mt. Although prices rallied, spot trading market was not brisk, and time was still needed for market acceptance.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn