Metals News
[Cu] CBI Morning Review - 2009/1/19 Copper Market
data analysis
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Jan. 19 (CBI China) -- Bank of America has obtained the injection fund, which boosted the market sentiment, the SHFE inventories declined by 30%, which stimulated the copper price to rebound, three-month LME copper increased slightly by USD 95/mt, and closed at USD 3,355/mt. LME inventories reached 390,000 mt. The copper price is expected to increase slightly with limited impacts from the favorable news. 

 

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