LME Copper Net Longs Fall Sharply Last Week after Growing for 7 Weeks

Published: Sep 13, 2017 16:39

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Net long positions on LME copper held by fund managers decreased noticeably in the week ended September 8 after growing for 7 weeks in a row, according to LME report.

SHANGHAI, Sept. 13 (SMM) – Net long positions on LME copper held by fund managers decreased noticeably in the week ended September 8 after growing for 7 weeks in a row, according to LME report.

Morgan Stanley: Fundamentals Not Good Enough to Keep Copper Price above $6,600

Net long positions decreased to 71,827 last week, a drop of 8%, after increasing 38.5% in the previous 7 weeks.

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