Metals News
[Cu] CBI Morning Review - 2008/12/31 Copper Market
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01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Dec. 31 (CBI China) -- U.S. stock market became strong, while the U.S. dollar weakened, LME copper prices were boosted to rebound slightly, the transactions will remain slim before New Year. The inventory increased by 650 mt and the total inventories were 337,350 mt. SHFE copper fluctuated slightly following the trend of LME copper. As to spot goods, the suppliers were reluctant to sell, the market transactions were moderate. CBI believes copper prices remained stable before New Year, however, along with more production suspension of the downstream processing enterprises after the Holiday, copper prices are likely to fluctuate significantly.


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