Friday, April 13, 2007

Copper May Decline Next Week on Chinese Import Speculation, Survey Shows

(Bloomberg) -- Copper may fall next week on speculation that China, the world's largest user, may slow imports of the metal in the three months to June after earlier price gains.

Nine of 17 people surveyed yesterday and April 11 forecast copper will drop next week. Six expected an increase and two were neutral. Copper for delivery in three months on the London Metal Exchange has gained 5.6 percent so far this week, taking the contract's gain in 12 months to 26 percent.


Read more at Bloomberg Commodities News

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