Economic Calendar

Friday, December 19, 2008

Copper Drops by Limit in Shanghai as Global Stockpiles Climb

Share this history on :

By Li Xiaowei

Dec. 19 (Bloomberg) -- Copper futures on the Shanghai Futures Exchange fell by the maximum daily limit after inventories climbed, signaling waning demand during the global recession.

Copper for March delivery fell 4 percent from the previous settlement price to 22,320 yuan ($3,269) at 9:02 a.m. local time.

To contact the reporter for this story: Li Xiaowei in Shanghai at Xli12@bloomberg.net




No comments: