Colosseum a.s. (Colosseum a.s.)
Commodities  |  June 21, 2011 10:39:30

Chinese copper imports rapidly lapsed

ColosseumAccording to the customs office of import spracovanej copper to China, which is the largest consumer of industrial metals in the world, declined in May to 149 235 tonnes, which is about 47 percent fewer than last year. Chinese factories have preferred metal from its own inventory. The Shanghai Futures Exchange warehouses Exchange is 82 310 tons of this metal, which is the lowest state for the past 21 months. The September copper contract today on the New York Mercantile Exchange has stagnated at a price of 412 U.S. cents per pound.

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