Copper’s nine month high thwarted

- July 23rd, 2009

Copper Investing News reports copper futures fell after being on a high for nine months. Internationally, copper was mixed. On the Shanghai Futures Exchange October-delivery copper dropped as much as 1.5 per cent to hit 43,020 Yuan per tonne, before trading at 43,340 Yuan. Premiums paid by Chinese importers, typically a good indicator of demand, … Continued

Copper Investing News reports copper futures fell after being on a high for nine months.

Internationally, copper was mixed. On the Shanghai Futures Exchange October-delivery copper dropped as much as 1.5 per cent to hit 43,020 Yuan per tonne, before trading at 43,340 Yuan. Premiums paid by Chinese importers, typically a good indicator of demand, are now about $85 to $90 a tonne over the LME cash price, compared with around $70 to $75 last month, according to traders and analysts.

Follow developments in resource mining and exploration for free.

 

Leave a Reply