China Copper Imports Fall After Rise in Domestic Stockpiles, Higher Prices

(Bloomberg) -- China's copper imports fell in May
and stockpiles climbed to a three-year high at a time of record
domestic production, fueling concern that supply in the world's
biggest consumer of the metal may be outpacing demand.

Refined copper and alloy imports fell 32 percent to 129,949
metric tons last month, according to preliminary figures issued
by the Beijing-based customs office today. This would be the
biggest drop since October 2005. Shanghai Futures Exchange copper
inventories jumped 6.4 percent to 99,773 tons, the highest since
April 2004, the exchange said in a weekly report.


Read more at Bloomberg Commodities News

Copper Prices Fall in Asia as Recent Gains Viewed as Excessive; Zinc Down

(Bloomberg) -- Copper prices fell in Asia as recent
gains on declining global inventories were seen overdone and
concern eased that labor disputes in Chile, the world's biggest
producer, may disrupt supply.

Inventories of copper tracked by the London Metal Exchange
dropped for the 12th-straight session to 123,300 metric tons, the
LME said yesterday in a daily report. Inventories in China have
fallen in the past two weeks, the Shanghai Futures Exchange said
on June 1.


Read more at Bloomberg Commodities News

Shanghai copper up over 1 pct at 3-month high

(Reuters) - Shanghai copper rose more than 1 percent on Tuesday, hitting a three-month peak after a 1.9 percent surge in London copper, while the newly launched Shanghai zinc contract was 1.6 percent higher.

Shanghai Futures Exchange June copper closed the mid-session up 1.1 percent at 63,170 yuan a tonne, from 62,500 yuan the previous day.


Read more at Reuters Africa

Shanghai copper up 1.4 percent, LME resilient

Shanghai copper prices rallied 1.4 percent on Thursday, supported by resilience in London futures despite turbulent equity markets.

The most active May contract on the Shanghai Futures Exchange was 830 yuan, or 1.43 percent higher, at 58,970 yuan a tonne at the close, encouraged by gains in London futures despite turmoil in equities.

Read more at Reuters South Africa