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Home / Metal News / [Cu] CBI Morning Review - 2009/7/22 Copper Market

[Cu] CBI Morning Review - 2009/7/22 Copper Market

iconJul 22, 2009 00:00
Source:上海有色金属网

SHANGHAI, July 22 (CBI China) -- Remarks of the U.S. Federal Reserve Board (FED) Chairman Ben Bernanke boosted the US dollar, and stock markets fell. In this context, LME copper price moved downward. LME three-month contract copper price closed at USD 5,382.5/mt, up USD 7.5/mt. LME copper inventories increased by 475mt, bringing total inventories to 266,425mt. The US dollar remains a key factor for copper price trend. Therefore, the rising US dollar depressed copper price, but any downward room will be limited.

 

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