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Home / Metal News / [Cu] CBI Morning Review - 2009/5/15 Copper Market

[Cu] CBI Morning Review - 2009/5/15 Copper Market

iconMay 15, 2009 00:00
Source:上海有色金属网

SHANGHAI, May 15 (CBI China) -- Speculative funds reflowed into copper market along with the rebounding stock market and weak US dollar. LME three-month contract copper price closed at USD 4,475/mt, up USD 30/mt. The inventories declined by 3,100mt to 370,650mt. The price fluctuations in surrounding markets remained the major factor for LME copper price trend. SHFE copper is expected to follow the upward trend of LME copper price passively, with limited upward room.

 

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