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Home / Metal News / [Cu] CBI Morning Review - 2009/6/8 Copper Market

[Cu] CBI Morning Review - 2009/6/8 Copper Market

iconJun 8, 2009 00:00
Source:上海有色金属网

SHANGHAI, June 8 (CBI China) -- The US announced the non-farm employments declined by 345,000 in May, lower than the estimated level of 520,000, stimulating US dollar to rise and dampening the commodity markets. Three-month LME copper closed at USD 5,000/mt, down USD 55/mt. The LME inventories declined by 3,225mt, bringing total inventories to 299,975mt. Last week, the sharp increases in SHFE inventories signaled the great consumption pressure. Copper price is expected to fall back, but any downward room will be limited in the short term. Copper price will remain high this week.

 

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