SMM Morning Review - 2010/1/26 Copper Market -Shanghai Metals Market

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SMM Morning Review - 2010/1/26 Copper Market

SMM Insight 10:51:56AM Jan 26, 2010 Source:SMM

SHANGHAI, Jan. 26 (SMM) -- The US stock market stopped falling following the news that Ben Bernanke will high likely remain as the chairman of the US Federal Reserve. LME copper prices closed at USD 7,465/mt, up USD 75/mt. Market has absorbed the negative impact from Obama's proposal of new banking regulations and tightening monetary policy in China. Hence, copper prices are expected to return to an upward track, and will receive further support from Ben Bernanke for second term as the chairman of the Fed.

 

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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 - 2010/1/26 Copper Market

SMM Insight 10:51:56AM Jan 26, 2010 Source:SMM

SHANGHAI, Jan. 26 (SMM) -- The US stock market stopped falling following the news that Ben Bernanke will high likely remain as the chairman of the US Federal Reserve. LME copper prices closed at USD 7,465/mt, up USD 75/mt. Market has absorbed the negative impact from Obama's proposal of new banking regulations and tightening monetary policy in China. Hence, copper prices are expected to return to an upward track, and will receive further support from Ben Bernanke for second term as the chairman of the Fed.

 

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