(Bloomberg) -- Copper futures fell in New York as
rising stockpiles and falling imports in China signaled
slackening demand in the world's biggest consumer of the metal.
Shanghai copper inventories rose 6.4 percent to 99,773
metric tons, the highest since April 2004, the exchange said
today. China's copper imports fell 32 percent last month from
April, the Beijing-based customs office said today. The price of
the metal has fallen 4.4 percent in the last month partly on
speculation Chinese copper demand will slow.
Read more at Bloomberg Commodities News
rising stockpiles and falling imports in China signaled
slackening demand in the world's biggest consumer of the metal.
Shanghai copper inventories rose 6.4 percent to 99,773
metric tons, the highest since April 2004, the exchange said
today. China's copper imports fell 32 percent last month from
April, the Beijing-based customs office said today. The price of
the metal has fallen 4.4 percent in the last month partly on
speculation Chinese copper demand will slow.
Read more at Bloomberg Commodities News
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