(Bloomberg) -- Copper fell for the third-straight
day in New York on speculation that demand will slacken in
China, the world's biggest consumer of the metal.
China's imports in May might have dropped by the most in
three years after inventories increased and prices soared,
traders and analysts including Xue Feng at Maike Futures Co.
said. Stockpiles monitored by the Shanghai Futures Exchange more
than tripled this year as imports reached a record. Before
today, the price of copper climbed 19 percent in 2007.
Read more at Bloomberg Commodities News
day in New York on speculation that demand will slacken in
China, the world's biggest consumer of the metal.
China's imports in May might have dropped by the most in
three years after inventories increased and prices soared,
traders and analysts including Xue Feng at Maike Futures Co.
said. Stockpiles monitored by the Shanghai Futures Exchange more
than tripled this year as imports reached a record. Before
today, the price of copper climbed 19 percent in 2007.
Read more at Bloomberg Commodities News
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