WorldScrap- LME base metal end lower as concerned that demand will be weakened due to China increased the fuel prices. LME copper was closed at 8335USD, up 50USD from earlier day. The metal market, the analyst said, would have a long-rough way to go as oil price has already reached to its summit and dollar has plummeted to its lowest. SHFE copper futures opened lower and later saw a signal for rising. China scrap copper price kept stable today and there presented a little trade volume as the demand turned warm. The stockpile was tightening while the investors kept positively toward later market.
China scrap copper market on 20th, Jun
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Posted - 06/22/2008 : 23:41:59
