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Drop in Chinese Imports Cause Volatile Day for Copper
Jan. 21, 2013 11:31AM PST
Base Metals Investing Bloomberg reported that copper was volatile on Monday, pulled back and forth by news that Chinese imports dropped.
Bloomberg reported that copper was volatile on Monday, pulled back and forth by news that Chinese imports dropped.
As quoted in the market report:
Shipments fell 4.7 percent in December from a month earlier as higher prices on the London Metal Exchange reduced the attractiveness of buying metal overseas to sell at home, Chinese customs figures showed today. The dollar slipped as much as 0.2 percent against a basket of six currencies, making raw materials more appealing as an alternative investment.
