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Home / Metal News / [Cu] SMM Morning Review - 2009/8/4 Copper Market

[Cu] SMM Morning Review - 2009/8/4 Copper Market

iconAug 4, 2009 00:00
Source:上海有色金属网

SHANGHAI, Aug. 4 (SMM) -- The US manufacturing index in July was 48.9, better than estimated data of 46.5. The US dollar index dropped to 78, setting a new low. LME copper prices soared to USD 6,075/mt, up USD 320/mt. LME copper inventories increased by 1,250mt, bringing total inventories to 282,125mt. Copper prices will likely meet corrections today after several day-rises, but the upward movement for copper prices will continue.

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

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