We are now on Twitter
Follow us on Twitter to get the latest updates
If you need any technical support you can Tweet to us at
Saturday, September 27, 2008
UPDATE
UPDATE FOR 26 SEPTEMBER
Copper down on demand worries, U.S. in focus.
Copper prices in New York and Londonslipped on Friday as
concerns about waning demand growth prompted investors
tolimit their holdings in the industrial metal, while awaiting
any new developments on a U.S. financial rescue plan.
Copper for delivery in three on the London Metal Exchange
(LME) ended down $155, or 2.2 percent, at $6,775 per tonne.
Earlier copper,used widely in power and construction,
touched a one-week low of $6,768.
Pressure mounted on U.S. lawmakers on Friday to agree on a
$700 billionfinancial rescue plan after talks at the White
House collapsed in acrimony andthe failure of Washington
Mutual, the biggest bank closure in U.S. history, roiled
global markets.
Markets shrugged off news of a strike in Canada.
LME copper stocks fell by 350 tonnes to 200,175, their
lowest level in morethan three weeks, suggesting a pick
up in demand.
Copper inventories in warehouses monitored by the Shanghai
Futures Exchange fell 6 percent in the week ended
Thursday to 16,130 tonnes.
Copper down on demand worries, U.S. in focus.
Copper prices in New York and Londonslipped on Friday as
concerns about waning demand growth prompted investors
tolimit their holdings in the industrial metal, while awaiting
any new developments on a U.S. financial rescue plan.
Copper for delivery in three on the London Metal Exchange
(LME) ended down $155, or 2.2 percent, at $6,775 per tonne.
Earlier copper,used widely in power and construction,
touched a one-week low of $6,768.
Pressure mounted on U.S. lawmakers on Friday to agree on a
$700 billionfinancial rescue plan after talks at the White
House collapsed in acrimony andthe failure of Washington
Mutual, the biggest bank closure in U.S. history, roiled
global markets.
Markets shrugged off news of a strike in Canada.
LME copper stocks fell by 350 tonnes to 200,175, their
lowest level in morethan three weeks, suggesting a pick
up in demand.
Copper inventories in warehouses monitored by the Shanghai
Futures Exchange fell 6 percent in the week ended
Thursday to 16,130 tonnes.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment