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Home / Metal News / [Cu] CBI Morning Review - 2009/5/22 Copper Market

[Cu] CBI Morning Review - 2009/5/22 Copper Market

iconMay 22, 2009 00:00
Source:上海有色金属网

SHANGHAI, May 22 (CBI China) -- Standard & Poor's cut ratings and the US stock markets fell, dampening LME copper price. LME three-month contract copper price closed at USD 4,485/mt, down USD 185/mt. The LME inventories declined by 5,400mt to 336,075mt. The weak macro economy resulted in declines in copper price. SHFE copper price showed a worse performance than LME copper and is expected to dip sharply today. Pessimism dominated current market, and any improvement for spot transactions will be limited.

 

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