SMM Morning Review - 2010/1/22 Copper Market -Shanghai Metals Market

Hot Keywords

  • Copper
  • Morning comments
  • Tradeflow
  • zinc
  • Poland
  • Nickel
  • Inventory data
  • Zinc
  • MMi Iron Ore Port Index
  • Lead
  • Futures movement
  • Customs data
  • Aluminium
  • Nickel pig iron
  • Market commentary

SMM Morning Review - 2010/1/22 Copper Market

SMM Insight 10:27:39AM Jan 22, 2010 Source:SMM

SHANGHAI, Jan. 22 (SMM) -- The US president Obama proposed rules to curb risks in financial system, depressing the risk appetite. The plunging US stock market weighed down on LME copper prices as well, with prices ending at USD 7,265/mt, fluctuating between the 20 and 30-day moving average, down USD 110/mt. The round of weak price performance greatly depressed market confidence, and whether or not copper prices will regain an upward momentum depends mainly on the recovery of market sentiment.

 

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

Key Words:  copper Cu  copper price  LME market  

SMM Morning Review - 2010/1/22 Copper Market

SMM Insight 10:27:39AM Jan 22, 2010 Source:SMM

SHANGHAI, Jan. 22 (SMM) -- The US president Obama proposed rules to curb risks in financial system, depressing the risk appetite. The plunging US stock market weighed down on LME copper prices as well, with prices ending at USD 7,265/mt, fluctuating between the 20 and 30-day moving average, down USD 110/mt. The round of weak price performance greatly depressed market confidence, and whether or not copper prices will regain an upward momentum depends mainly on the recovery of market sentiment.

 

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

Key Words:  copper Cu  copper price  LME market