Metals News
[Cu] CBI Morning Review - 2008/12/5 Copper Market
data analysis
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Dec. 5 (CBI China) -- The European Central Bank (ECB) cut interest rate by 75 basis points, the largest ever since its establishment. It aggravated the concern about economy, which is expected to fall into deeper recession. LME copper prices plummeted, closed at USD 3,270/mt, down USD 140/mt, inventory slightly increased 200mt, making the total inventory up to 292,975mt. Tonight, market will closely watch non-farm employment data released by the United States. Today, SHFE copper will continue decline.


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