Shanghai copper declines on talk of large deliveries

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Tue, Aug 26, 2008
Copper Market News
Post by Mike Rodger, Copper Reporter

Shanghai copper futures declined 1 percent on Tuesday as rumours of a big delivery of refined metal into China offset concerns about limited domestic stockpiles.

A local spot trader said:

Market talk of tens of thousands of tonnes of copper arriving weighed on prices during the morning session.

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