(Bloomberg) -- Shanghai copper prices rose by the
daily limit following a drop in stockpiles and signs of continued
demand from China, the world's biggest user of the metal.
Global inventories of copper in warehouses monitored by the
London Metal Exchange fell for the sixth day, by 1.5 percent to
134,125 metric tons, the lowest since Oct. 31, the exchange said
on May 25. Shanghai exchange stockpiles fell 0.5 percent from a
three-year high in the past week, easing concern that China may
be oversupplied with the metal, used in wires and pipes.
Read more at Bloomberg Commodities News
daily limit following a drop in stockpiles and signs of continued
demand from China, the world's biggest user of the metal.
Global inventories of copper in warehouses monitored by the
London Metal Exchange fell for the sixth day, by 1.5 percent to
134,125 metric tons, the lowest since Oct. 31, the exchange said
on May 25. Shanghai exchange stockpiles fell 0.5 percent from a
three-year high in the past week, easing concern that China may
be oversupplied with the metal, used in wires and pipes.
Read more at Bloomberg Commodities News
No comments:
Post a Comment