Sunday, May 27, 2007

Shanghai Copper Prices Rise by Maximum Limit on Falling Global Stockpiles

(Bloomberg) -- Shanghai copper prices rose by the
daily limit following a drop in global stockpiles of the metal
and signs of continued demand from China, the world's biggest
user of the metal.

Copper for August delivery on the Shanghai Futures Exchange
rose as much as 1,860 yuan, or 3 percent, to 63,650 yuan ($8,318)
a metric ton from the previous close by 9:15 a.m. local time.


Read more at Bloomberg Commodities News

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