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Home / Metal News / [Cu] SMM Morning Review - 2009/9/17 Copper Market

[Cu] SMM Morning Review - 2009/9/17 Copper Market

iconSep 17, 2009 00:00
Source:上海有色金属网

SHANGHAI, Sept. 17 (SMM) -- Copper prices rebounded sharply due to softened US dollar, higher-than-expected industrial output in August in the US, as well as from Bernanke's remarks that the economic recession has been over. LME three-month contract copper prices closed at USD 6,470/mt, up USD 195/mt. LME copper inventories increased by 675mt, bringing total inventories to 323,225mt. Copper prices advanced again but were short of upward momentum, with RMB 6,500/mt as an important pressure level.  

 

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

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