Saturday, August 30, 2008
COPPER RATES
COPPER RATES UPDATES FOR 29 AUGUST
COPPER EASED FOR A SECOND DAY INA ROWON PERSISTING
CONCERNS ABOUT DEMAND FROM CHINA . INVENTORIES
IN LONDON ROSE TO A SIX MONTH HIGHADDING TO BEARISH
PRESSURE. COPPER FOR DELIVERY IN THREE MONTHS
ONTHE LME FELL TO $7464 A TONNE FROM $ 7535 AT CLOSE
ON THURSDAY.
SHANGAI INVENTORIES FELL A GREATER THAN EXPECTED
4171 TONNES TO 17625 IN THE WEEK ENDED ON THURSDAY
THEIR LOWEST IN THREE YEARS AND ENOUGH FOR LESS THAN
TWO DAYS OF CHINESE CONSUMPTION.
COPPER EASED FOR A SECOND DAY INA ROWON PERSISTING
CONCERNS ABOUT DEMAND FROM CHINA . INVENTORIES
IN LONDON ROSE TO A SIX MONTH HIGHADDING TO BEARISH
PRESSURE. COPPER FOR DELIVERY IN THREE MONTHS
ONTHE LME FELL TO $7464 A TONNE FROM $ 7535 AT CLOSE
ON THURSDAY.
SHANGAI INVENTORIES FELL A GREATER THAN EXPECTED
4171 TONNES TO 17625 IN THE WEEK ENDED ON THURSDAY
THEIR LOWEST IN THREE YEARS AND ENOUGH FOR LESS THAN
TWO DAYS OF CHINESE CONSUMPTION.
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