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Sell, sell copper: China production, refined surplus strengthen bears

Posted on 14 November 2013

Copper market could be in for a bear run if increased China production in the past two months and surplus refined copper forecast for 2013-14 by International Copper Study Group (ICSG) is any indication. US Copper futures has fallen to the lowest level since August at $3.191 a pound, a fall of 1.35% on Wednesday.
According to National Bureau of Statistics, China production of refined copper rose 2.9% month-on-month to a second straight monthly record and year-on-year gain of 22.9%. Refined copper production in October was 637,958 tons while in September it was 620,086 tons………………………………………..Full Article: Source


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