(Bloomberg) -- Copper prices in Shanghai rose for a
second day after global inventories fell to a seven-month low and
as demand for the metal in China, the world's biggest consumer,
is forecast to rise this year.
Inventories of copper tracked by the London Metal Exchange
dropped 1 percent to 128,925 metric tons, the lowest since Oct.
27. Shanghai exchange stockpiles also fell 0.5 percent from a
three-year high in the past week to 99,027 tons. The exchange
will announce weekly stockpiles later today.
Read more at Bloomberg Commodities News
second day after global inventories fell to a seven-month low and
as demand for the metal in China, the world's biggest consumer,
is forecast to rise this year.
Inventories of copper tracked by the London Metal Exchange
dropped 1 percent to 128,925 metric tons, the lowest since Oct.
27. Shanghai exchange stockpiles also fell 0.5 percent from a
three-year high in the past week to 99,027 tons. The exchange
will announce weekly stockpiles later today.
Read more at Bloomberg Commodities News
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