Monday, May 14, 2007

Shanghai Copper Futures Fall Limit Amid Speculation China Demand May Slow

(Bloomberg) -- Shanghai copper futures fell for a fourth day, dropping the 4 percent daily limit to the lowest in five weeks amid speculation that demand will slow in China, the world's biggest consumer of the metal. Zinc was also limit down.

Inventories monitored by the Shanghai Futures Exchange increased 26 percent to 85,269 metric tons last week, the highest since May 2004, the exchange said May 11. Shanghai copper prices, which have gained 10 percent this year, are headed for their biggest four-day decline since January.


Read more at Bloomberg Commodities News

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