Shanghai Copper, Zinc Tumble on Stop-Loss Selling; Demand Eyed-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Rare earths
  • Market commentary
  • Rare earth
  • Aluminium
  • Zinc
  • Copper
  • Macroeconomics
  • Sales data
  • MMi Iron Ore Port Index
  • Iron ore
  • precious metals
  • Nickel
  • Futures movement
  • Tin

Shanghai Copper, Zinc Tumble on Stop-Loss Selling; Demand Eyed

Industry News 03:10:54PM Mar 08, 2011 Source:SMM

Mar.8 (Reuters) - The most-active Shanghai copper futures fell by more than five percent at 70,260 yuan a tonne by Tuesday, triggered by stop-loss selling, as investors assess demand prospects on high oil prices that threaten the global economic recovery.

Shanghai zinc fell as much as 5.5 percent at 17,820 yuan.
 

Shanghai Copper, Zinc Tumble on Stop-Loss Selling; Demand Eyed

Industry News 03:10:54PM Mar 08, 2011 Source:SMM

Mar.8 (Reuters) - The most-active Shanghai copper futures fell by more than five percent at 70,260 yuan a tonne by Tuesday, triggered by stop-loss selling, as investors assess demand prospects on high oil prices that threaten the global economic recovery.

Shanghai zinc fell as much as 5.5 percent at 17,820 yuan.