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[Cu] SMM Morning Review - 2009/10/9 Copper Market
SHANGHAI, Oct. 9 (SMM) --
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Review of LME Copper Prices During National Day Holiday
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||||
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Highest Price
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Lowest Price
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Close Price
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Inventory
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2009-9-30
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6190
|
5985
|
6180
|
345650
|
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2009-10-1
|
6195
|
5975
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6010
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346050
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|
2009-10-2
|
5990
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5809
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5900
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345425
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|
2009-10-3
|
6005
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5849
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5995
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345225
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2009-10-6
|
6170
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5995
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6085
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346425
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2009-10-7
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6160
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6045
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6090
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347150
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2009-10-8
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6330
|
6120
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6330
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346850
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LME copper prices moved stably during China's National Day holiday. LME copper prices climbed since Wednesday due to surprise profits of Alcoa and dropping US dollar, and closed at USD 6,330/mt before SHFE copper market opens. LME copper inventories continued to increase, bringing total inventories to 346,850mt. Today, SHFE copper prices will open high, and SMM believes copper prices will rise further in the short term.
Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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