Tuesday, June 5, 2007

Copper Prices Little Changed in Asia as Recent Gains Viewed as Excessive

(Bloomberg) -- Copper prices were little changed in
Asia as recent gains on declining global inventories were seen
overdone and concern eased that labor disputes in Chile, the
world's biggest producer, may disrupt supply.

Inventories of copper tracked by the London Metal Exchange
dropped for the 12th-straight session to 123,300 metric tons, the
LME said yesterday in a daily report. Inventories in China have
fallen in the past two weeks, the Shanghai Futures Exchange said
on June 1.


Read more at Bloomberg Commodities News

No comments: