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Home / Metal News / [Cu] CBI Morning Review - 2009/5/19 Copper Market

[Cu] CBI Morning Review - 2009/5/19 Copper Market

iconMay 19, 2009 00:00
Source:上海有色金属网

SHANGHAI, May 19 (CBI China) -- The rising US stock markets boosted the copper price. LME three-month contract copper price closed at USD 4,545/mt, up USD 140/mt. The inventories declined by 4,250mt to 353,550mt. The performance of the surrounding markets dominated the LME copper price trend. However, SHFE copper price will show a worse performance than LME copper price due to weak spot consumptions. CBI believes copper price will continue to fluctuate slightly due to declines in downstream copper demand.

 

Copyright ? 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

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