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Home / Metal News / [Cu] SMM Morning Review - 2009/8/12 Copper Market

[Cu] SMM Morning Review - 2009/8/12 Copper Market

iconAug 12, 2009 00:00
Source:上海有色金属网

SHANGHAI, Aug. 12 (SMM) -- China's imports of refined copper experienced declines during July compared to June, but imports of scrap copper reported growth, so the export and import data have neutral impact on copper prices. However, the falling wholesale inventories in the US dragged down stock markets, and LME copper prices moved downward as a result. LME copper three-month contract prices closed at USD 6,045/mt, down USD 35/mt. LME copper inventories declined by 100mt to 291,175mt. Copper prices will likely fluctuate slightly, but the upward trend will remain unchanged.

 

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

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