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[Cu] CBI Morning Review - 2009/5/12 Copper Market

iconMay 12, 2009 00:00

SHANGHAI, May 12 (CBI China) --he US dollar index performed strong, weighing on LME copper price. The declines in the cancelled warrants and the investors` concerns on the off-peak season depressed the copper price further. LME copper closed at USD 4,565/mt, down USD 130/mt. The inventories declined by 3,825mt to 385,175mt. As the imported copper continued to flow into domestic market recently, the spot supply became ample, coupled with the approaching off-peak season, leaving downward pressure to the copper price.

 

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