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Home / Metal News / [Cu] SMM Morning Review - 2009/8/10 Copper Market

[Cu] SMM Morning Review - 2009/8/10 Copper Market

iconAug 10, 2009 00:00
Source:上海有色金属网

SHANGHAI, Aug. 10 (SMM) -- LME copper prices grew again with positive impact from favorable non-farm employment data from the US and rising US stocks, despite strengthened US dollar. LME copper three-month contract prices closed at USD 6,125/mt, up USD 70/mt. LME copper inventories increased by 7,750mt, bringing total inventories to 292,125mt. The unexpectedly improved non-farm employment data from the US exerted strong positive impact on copper market, so copper prices are expected to soar to a new high today.

 

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

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