23.03.2016 - Base metals steady, China demand clues awaited
Copper prices steadied as the market waited to see whether signs of stronger demand in top consumer China are confirmed over coming months. Benchmark copper on the London Metal Exchange ended unchanged at $US5,065 a tonne. Prices of the metal, used in power and construction, are up about 17 per cent since the middle of January due to improving sentiment about Chinese demand. Funds have been buying copper for some weeks. Their net long position on the LME last Friday rose to 43,834 lots or nearly 1.1 million tonnes of copper from 35,170 lots the previous week...............................................Full Article: Source
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