30.04.2009 - China drives copper
From FT: Firstly, China has been importing substantial quantities of copper. In March these reached 297 thousand tonnes (kt) and further strong imports are likely to be recorded in April. A second supportive factor has been short-covering. Data from the Commodity Futures Trading Commission shows that net short speculative positions on US exchanges were reduced by 29% from mid-February to mid-April.......Full Article: Source
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