Strong Chinese Imports, Weaker Dollar Boost Copper Prices

  • Tuesday, September 10, 2013
  • Source:

  • Keywords:Copper Prices London Metal Exchange
[Fellow]
[Ferro-Alloys.com] A weaker dollar and figures showing strong copper imports into China in August helped to lift copper prices above $7,200 per tonne on the London Metal Exchange on Monday September 9.
 
Three-month copper settled at $7,224/26 per tonne in the official session, up from $7,198/200 per tonne on Friday and $7,188.50 per tonne at the start of trading. The gains came after preliminary figures showed that China imported 387,600 tonnes of unwrought copper and semis in August, down 6% from year-to-date highs seen in July but still up 9% on a year-on-year basis.
  • [Editor:editor]

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