(Bloomberg) -- Copper prices fell for a third day in
Shanghai on concern that buying by China, the world's biggest
consumer of the metal, may slow following a surge in imports this
year and on expectations of weaker demand as summer approaches.
China's imports probably fell by at least 48 percent to
100,000 metric tons in May, the biggest monthly drop in three
years, after inventories increased and prices soared, traders and
analysts, including Xue Feng at Maike Futures Co., said on June 6.
The northern hemisphere summer is a traditionally weak period for
copper consumption because of holidays.
Read more at Bloomberg Commodities News
Shanghai on concern that buying by China, the world's biggest
consumer of the metal, may slow following a surge in imports this
year and on expectations of weaker demand as summer approaches.
China's imports probably fell by at least 48 percent to
100,000 metric tons in May, the biggest monthly drop in three
years, after inventories increased and prices soared, traders and
analysts, including Xue Feng at Maike Futures Co., said on June 6.
The northern hemisphere summer is a traditionally weak period for
copper consumption because of holidays.
Read more at Bloomberg Commodities News
No comments:
Post a Comment