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[Cu] CBI Morning Review - 2009/5/6 Copper Market
SHANGHAI, May 6 (CBI China) -- US dollar performed strong, while US stock market fell, causing LME copper price to slip. Meanwhile, the profit-taking of long investors also dampened the copper price. LME three-month copper contracts closed at USD 4,530/mt, down USD 90/mt. LME inventories declined by 3,775mt to 394,925mt. The result of US bank pressure test and the non-farm employment report will be released this week, while will exert influence on copper price. Today, SHFE copper will maintain weak, and the consumption will be poor as well in spot market.
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