Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
[Cu] CBI Morning Review - 2009/6/29 Copper Market
SHANGHAI, June 29 (CBI China) -- The falling stock market and crude oil prices dragged down copper price, and the profit-takings of long positions last week exerted downward pressure on copper price as well. LME three-month contract copper price closed at USD 5,055/mt, down USD 50/mt. LME copper inventories declined by 1,350/mt, bringing total inventories to 270,250mt. Last week, SHFE copper inventories decreased sharply by 12,448mt, which is expected to boost copper price. Hence, SHFE copper price is expected to show stronger performance today.
Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
SMM Events & Webinars
All- Nov01
2025 SMM India Session: Li-battery & PV Market Insights
Nov 01 - 30,2025To Be Confirmed
- Nov05
2025 SMM Europe & Africa Lithium Resources Field Trip
Nov 05 - 14,2025Spain • Morocco • Zimbabwe New Energy Lithium Battery Industry Tour | November 5–14, 2025Spain & Morocco & Zimbabwe
- Nov24
Shanghai Metals Expo 2025
Nov 24 - 25,2025Shanghai, China
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
