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[Cu] CBI Morning Review - 2009/4/24 Copper Market
SHANGHAI, Apr. 24 (CBI China) -- Yesterday, the U.S. announced that the house sales declined in March, and the unemployment rate increased, depressed the stock market and LME copper price. Three-month LME copper closed at USD 4,300/mt, down USD 170/mt. The inventories declined by 9,625mt to 440,475mt. Yesterday, SHFE copper rebounded boosted by the stock market. However, SHFE copper price will move at low in the near future due to weak LME copper. The fluctuations in the price were attributed to slim spot transactions, and market players will carry out operation after the price stabilizes.
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