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Home / Metal News / [Cu] CBI Morning Review - 2009/4/20 Copper Market

[Cu] CBI Morning Review - 2009/4/20 Copper Market

iconApr 20, 2009 00:00
Source:上海有色金属网

SHANGHAI, Apr. 20 (CBI China) -- The soft U.S. dollar and strong European stock market propelled copper price to rise, LME three-month copper price closed at USD 4,790/mt, up USD 40/mt. The inventories declined by 5,575mt to 469,625mt. The cancelled warrants edged down, so the inventory declines will likely slow down. Copper price will move at high levels in the short term in view of fierce competitions between long investors and short investors.

 

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