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[Cu] CBI Morning Review - 2009/5/13 Copper Market
SHANGHAI, May 13 (CBI China) -- Data released by China Customs show that China`s copper imports still performed strong, coupled with soft US dollar, stimulating copper price to rebound. LME three-month contract copper price closed at USD 3,485/mt, up USD 20/mt. The LME inventories declined by 6,150mt, and the cancelled warrants increased to 74,500mt. The positive economic data will be absorbed by the market rapidly, so SHFE copper will remain soft, and copper price will continue to fluctuate slightly in the near future.
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