Copper May Rebound as Demand Expected to Outpace Supplies -Shanghai Metals Market

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Copper May Rebound as Demand Expected to Outpace Supplies

Industry News 09:37:01AM Dec 23, 2010 Source:SMM

Dec. 23 (Bloomberg) -- Copper, trading little changed, may rebound as global supplies are expected to lag behind demand.

The metal for three-month delivery on the London Metal Exchange gained as much as 0.2 percent to $9,365 a metric ton, and traded at $9,360 by 9:05 a.m. Singapore time. It fell for the first time in four days yesterday.

Copper for March-delivery on the Shanghai Futures Exchange rose as much as 0.6 percent to 69,120 yuan a ton, while futures on the Comex in New York climbed as much as 0.2 percent to $4.2850 a pound.
 

 

 


 

Copper May Rebound as Demand Expected to Outpace Supplies

Industry News 09:37:01AM Dec 23, 2010 Source:SMM

Dec. 23 (Bloomberg) -- Copper, trading little changed, may rebound as global supplies are expected to lag behind demand.

The metal for three-month delivery on the London Metal Exchange gained as much as 0.2 percent to $9,365 a metric ton, and traded at $9,360 by 9:05 a.m. Singapore time. It fell for the first time in four days yesterday.

Copper for March-delivery on the Shanghai Futures Exchange rose as much as 0.6 percent to 69,120 yuan a ton, while futures on the Comex in New York climbed as much as 0.2 percent to $4.2850 a pound.