(Bloomberg) -- Shanghai copper prices rose after
climbing the daily limit yesterday amid concern that supply may
lag behind demand following a drop in global stockpiles.
Global inventories of copper in warehouses monitored by the
London Metal Exchange fell 1.5 percent to 134,125 metric tons,
their lowest since Oct.31, the exchange said on May 25. The
exchange was closed yesterday for a public holiday. Shanghai
exchange stockpiles dropped 0.5 percent from a three-year high in
the past week to 99,027 tons.
Read more at Bloomberg Commodities News
climbing the daily limit yesterday amid concern that supply may
lag behind demand following a drop in global stockpiles.
Global inventories of copper in warehouses monitored by the
London Metal Exchange fell 1.5 percent to 134,125 metric tons,
their lowest since Oct.31, the exchange said on May 25. The
exchange was closed yesterday for a public holiday. Shanghai
exchange stockpiles dropped 0.5 percent from a three-year high in
the past week to 99,027 tons.
Read more at Bloomberg Commodities News
No comments:
Post a Comment