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Home / Metal News / [Cu] SMM Morning Review - 2009/8/5 Copper Market

[Cu] SMM Morning Review - 2009/8/5 Copper Market

iconAug 5, 2009 00:00
Source:上海有色金属网

SHANGHAI, Aug. 5 (SMM) -- LME copper prices moved up again after slight corrections propelled by positive US existing home sales and short-covering. LME copper three-month contract prices closed at USD 6,100/mt, up USD 25/mt. LME copper inventories increased by 3,775mt, bringing total inventories to 285,900mt. LME copper prices soared above RMB 6,000/mt again, and technical support and positive news are expected to push up copper prices to a new high.

 

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

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