10.11.2015 - Copper stuck under $5,000/t as tightness eases, base metals soft
Base metals, with the exception of lead and zinc, were all lower on Monday as dollar strength continued to dampen sentiment on the LME pre-market. Meanwhile, China’s imports of unwrought copper and copper products fell 7.1 percent month-on-month to 420,000 tonnes in October. “Although copper imports for example dropped by nearly 8 percent month-on-month … this was because of the festival week in China at the beginning of October and the high level of imports in the previous month. What is more, copper imports exceeded last October’s level,” Commerzbank said..............................................Full Article: Source
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