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[Cu] CBI Morning Review - 2009/6/25 Copper Market

iconJun 25, 2009 00:00

SHANGHAI, June 25 (CBI China) -- The US durable goods orders increased by 1.8% unexpectedly during May, exerting positive impact on base metal markets. LME three-month contract copper price closed at USD 5,000/mt, up USD 150/mt. LME inventories declined by 1,225mt, bringing total inventories to 275,050mt. Copper price advanced again and will likely soar above previous high level in the near future.

 

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