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Home / Metal News / [Cu] CBI Morning Review - 2009/6/22 Copper Market

[Cu] CBI Morning Review - 2009/6/22 Copper Market

iconJun 22, 2009 00:00
Source:上海有色金属网

SHANGHAI, June 22 (CBI China) -- Soft US dollar boosted commodity market, driving up LME copper price. However, LME copper price fell again due to the concerns over Chinese demand. LME copper price closed at USD 4,950/mt, down USD 30/mt. LME inventories declined by 1,250/mt, bringing total inventories to 280,350mt. SHFE inventories increased by 7,889mt last week and the three-weak sharp increases in the inventories indicated the greater spot consumption pressure. SHFE copper price will show weak performance today.

 

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