(Bloomberg) -- Copper prices in Shanghai fell for
the first day in five amid concern that gains in the past week
may be overdone and deter further buying during the traditionally
slow summer demand period.
Copper, used in wires and pipes, had risen 9 percent in the
four days before today, taking the most-active Shanghai futures
contract to the highest in 10 weeks amid speculation that supply
may lag behind demand driven by China's economic growth.
Read more at Bloomberg Commodities News
the first day in five amid concern that gains in the past week
may be overdone and deter further buying during the traditionally
slow summer demand period.
Copper, used in wires and pipes, had risen 9 percent in the
four days before today, taking the most-active Shanghai futures
contract to the highest in 10 weeks amid speculation that supply
may lag behind demand driven by China's economic growth.
Read more at Bloomberg Commodities News
No comments:
Post a Comment