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Home / Metal News / [Cu] SMM Morning Review - 2009/8/31 Copper Market

[Cu] SMM Morning Review - 2009/8/31 Copper Market

iconAug 31, 2009 00:00
Source:上海有色金属网

SHANGHAI, Aug. 31 (SMM) -- The personal spending and consumer confidence index from the US were mixed, but LME copper prices closed at USD 6,510/mt, up USD 195/mt, propelled by weakened US dollar and increasing speculative funds. LME copper inventories increased by 1,375mt, bringing total inventories to 298,925mt. Today, LME copper market was closed, and whether or not LME copper prices can stabilize at USD 6,500/mt during this week remains to be seen.

 

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

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