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Home / Metal News / [Cu] CBI Morning Review - 2009/5/11 Copper Market

[Cu] CBI Morning Review - 2009/5/11 Copper Market

iconMay 11, 2009 00:00
Source:上海有色金属网

SHANGHAI, May 11 (CBI China) -- Affected by profit-taking of investors, LME copper price growth slowed, with LME three-month copper contract closing at USD 4,695/mt, up USD 30/mt. LME inventories declined by 4,900mt to 389,000mt. SHFE copper inventories increased by 8,626mt to 27,690mt last Friday. The inventory increase is a result of soft consumption and increasing imported copper last week, and the weak spot transactions will exert downward pressure on SHFE copper price, so LME copper price will continue to outperform SHFE copper this week.

 

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