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[Cu] CBI Morning Review - 2009/4/10 Copper Market
SHANGHAI, Apr. 10 (CBI China) -- As the inventories declined sharply, the proportion of canceled warrants grew, as well as the stimulus of stock market and buyers` speculative activities, LME copper price increased significantly, three-month LME copper closed at USD 4,750/mt, up USD 230/mt. The inventories declined by 7,425mt to 496,775mt. Recently, copper price continued to rise significantly, driving up the market confidence. Chinese government may introduce a new round of economic stimulus plan in mid-April, this move as well as the release of export and import data is likely to stimulate copper price to rise further.
Copyright ? 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
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