Tuesday, February 2, 2010

Copper at 11-week low at $6,791 a tonne

Copper came off 11-week low. Shanghai copper seen trading sharply higher on Tuesday, after a late turnaround in London copper on firm US manufacturing data that saw the metal end up 0.7%.

Three-month copper on the London Metal Exchange (LME) rose $45.50 to close at $6,791 a tonne on Monday, and extended gains to $6,825 in after-hours trading.

LME copper hit $6,600 a tonne on Monday; it's lowest since mid November. LME copper last stood at $6,730.

Source & Full Article BloombergUTV

No comments:

Post a Comment

FeedBurner FeedCount