(Bloomberg) -- Copper prices in Shanghai extended a
three-day slump on concern that demand in China, the world's
biggest consumer of the metal, may be slowing as domestic
inventories dropped less than expected.
Shanghai copper stockpiles fell 1,461 tons, or 1.5 percent,
to 93,793 metric tons last week, the third straight weekly
decline from a three-year high, the exchange said in a report on
June 8. A 3,000 ton decline was expected, Yuan Fang, a metals
futures trader at Shanghai East Asia Futures Co., said June 5.
Read more at Bloomberg Commodities News
three-day slump on concern that demand in China, the world's
biggest consumer of the metal, may be slowing as domestic
inventories dropped less than expected.
Shanghai copper stockpiles fell 1,461 tons, or 1.5 percent,
to 93,793 metric tons last week, the third straight weekly
decline from a three-year high, the exchange said in a report on
June 8. A 3,000 ton decline was expected, Yuan Fang, a metals
futures trader at Shanghai East Asia Futures Co., said June 5.
Read more at Bloomberg Commodities News
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