Home / Metal News / [Cu] CBI Morning Review - 2009/7/13 Copper Market

[Cu] CBI Morning Review - 2009/7/13 Copper Market

iconJul 13, 2009 00:00

SHANGHAI, July 13 (CBI China) -- The US consumer confidence index was 64.6, lower than estimated level of 70.5, exerting negative impact on market confidence. Base metal prices fell upon stronger US dollar and falling crude oil and gold prices. LME three-month contract copper price closed at USD 3,400/mt, and the total inventories were 258,575mt. Last Friday, China Customs released the preliminary data of copper imports, which showed copper import volumes during June still recorded marked growth. This data is expected to stimulate market prices to inch up.

 

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