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[Cu] SMM Morning Review - 2009/9/8 Copper Market

iconSep 8, 2009 00:00

SHANGHAI, Sept. 8 (SMM) – On Monday, the US financial market was closed on Monday for Labor Day, and LME copper prices closed up propelled by strengthened Asian stock markets and softened US dollar. LME three-month contracts copper prices closed at USD 6,335/mt, up USD 70/mt. LME copper inventories increased by 2,725mt, bringing total inventories to 310,925mt. Copper market remained neutral recently, and copper prices are expected to continue to fluctuate in the short term.

 

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