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Home / Metal News / [Cu] CBI Morning Review - 2009/6/5 Copper Market

[Cu] CBI Morning Review - 2009/6/5 Copper Market

iconJun 5, 2009 00:00
Source:上海有色金属网

SHANGHAI, June 5 (CBI China) -- The US announced the initial jobless claims experienced declines, and the crude oil price performed strong, boosting the commodity markets. The declines in LME aluminum inventories stimulated aluminum price to rise sharply, driven up other base metal prices. LME copper closed at USD 5,055/mt, up USD 190/mt. The LME inventories declined by 3,325mt, bringing total inventories to 303,200mt. Copper price rose to above USD 5,000/mt again after corrections and will fluctuate in the high level in the short term. 

 

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

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