Saturday, May 26, 2007
Copper May Fall Next Week on Speculation China Demand Will Slow
bloomberg.com
Copper may fall next week on speculation that demand will slow in China, the largest buyer of the metal, following a surge in imports in the first quarter.
Yahoo Asia:
copper rebounded on Friday, but analysts think the overall trend of rising copper stocks and lower demand over coming months could pressure prices down further.
Copper futures shed 2.3%
China Daily
Copper futures in Shanghai fell by [...] nearly 4 percent, by midday on Friday before closing [...] down 2.3 percent from the previous close, because of growing investors' concern about rising stocks of the industrial metal in China.
Copper may fall next week on speculation that demand will slow in China, the largest buyer of the metal, following a surge in imports in the first quarter.
Yahoo Asia:
copper rebounded on Friday, but analysts think the overall trend of rising copper stocks and lower demand over coming months could pressure prices down further.
Copper futures shed 2.3%
China Daily
Copper futures in Shanghai fell by [...] nearly 4 percent, by midday on Friday before closing [...] down 2.3 percent from the previous close, because of growing investors' concern about rising stocks of the industrial metal in China.
