Reuters reports that copper rallied to a record high on Monday, after a surprise jump in Chinese imports reinforced prospects for robust global demand and raised hopes of extended restocking by the world’s top consumer.
Reuters reports that copper rallied to a record high on Monday, after a surprise jump in Chinese imports reinforced prospects for robust global demand and raised hopes of extended restocking by the world’s top consumer.
The market news is quoted as saying:
“It could very well be that the Chinese economy is running hotter than anyone thinks,” said Bart Melek, vice president and director of commodities with TD Bank Financial Group.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1834.80 | +3.79 | |
| Silver | 21.35 | +0.21 | |
| Copper | 3.79 | +0.05 | |
| Palladium | 1894.40 | +17.40 | |
| Platinum | 916.50 | +5.50 | |
| Oil | 107.65 | +0.03 | |
| Heating Oil | 4.25 | 0.00 | |
| Natural Gas | 6.15 | -0.07 | |
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