SHANGHAI, Jan. 25 (SMM) -- The US president Obama's proposal of new banking regulations sent the financial market lower. LME copper prices dropped to the low level of USD 7,195/mt, and prices closed at USD 7,390/mt following buying activities at lower prices.
SMM believes the round of price declines has made enough corrections to the previous price gains, and so copper prices will generally show a stable movement this week. Downstream stock replenishment will come to an end this week, and lower prices will likely stimulate spot consumption.
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: firstname.lastname@example.org