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Home / Metal News / [Cu] SMM Morning Review - 2009/10/15 Copper Market

[Cu] SMM Morning Review - 2009/10/15 Copper Market

iconOct 15, 2009 00:00
Source:上海有色金属网

SHANGHAI, Oct. 15 (SMM) -- China's copper imports increased unexpectedly, helping stimulate the market prices. However, it seems that the growth rate in LME copper prices was not satisfying in view of weakened US dollar, rising crude oil prices and strong stock markets. LME three-month contract copper prices closed at USD 6,220/mt, up USD 90/mt. LME copper inventories increased by 5,275mt, bringing total inventories to 353,225mt. If no new favorable news appears in the market after the positive impact from upbeat import data is absorbed, copper prices will remain weak.

 

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

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