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Home / Metal News / [Cu] SMM Morning Review - 2009/10/19 Copper Market

[Cu] SMM Morning Review - 2009/10/19 Copper Market

iconOct 19, 2009 00:00
Source:上海有色金属网

SHANGHAI, Oct. 19 (SMM) -- The US consumer confidence index in October slid, helping push up the US dollar and drag down the stock market and crude oil prices, and base metal prices fell as a result. LME three-month contract copper prices closed at USD 6,245/mt, down USD 5/mt. LME copper inventories increased by 4,525mt, bringing total inventories to 357,850mt. The rebound in the US dollar will likely exert downward pressure on commodity market, and SHFE copper prices will slip today following LME copper price trend, and are expected to remain weak.

 

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