Copper Investing News » Shanghai copper declines on talk of large deliveries

Shanghai copper declines on talk of large deliveries

August 26, 2008 @ 3:46 am In Copper Market News

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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[1] here: http://www.forbes.com/reuters/feeds/reuters/2008/08/26/2008-08-26T081011Z_01_SHA651_RTRIDST_0_MARKETS-METALS-UPDATE-2.html