Drop in Chinese Imports Cause Volatile Day for Copper

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.

To view the full Bloomberg report, click here.