Monday, May 22, 2006
Copper, Aluminum in Shanghai Fall 4 Percent as Stockpiles Rise
bloomberg.com
Copper and aluminum futures in Shanghai fell on concerns supply is outpacing demand.
Copper stockpiles rose by almost a fifth last week to a 12- week high, the Shanghai Futures Exchange said May 19. Commodity prices had their biggest weekly drop in more than 25 years in the U.S. and Europe last week, led by metals and grains.
Remember this great link to current copper pricing.
It looks like copper fell as the markets opened in Asia but rose again as the markets opened in New York. At the moment, it's reporting $3.425, up from $3.40 over the weekend.
Copper and aluminum futures in Shanghai fell on concerns supply is outpacing demand.
Copper stockpiles rose by almost a fifth last week to a 12- week high, the Shanghai Futures Exchange said May 19. Commodity prices had their biggest weekly drop in more than 25 years in the U.S. and Europe last week, led by metals and grains.
Remember this great link to current copper pricing.
It looks like copper fell as the markets opened in Asia but rose again as the markets opened in New York. At the moment, it's reporting $3.425, up from $3.40 over the weekend.
Labels: Copper
