Copper Rises to Three-Week High in New York as Global Inventories Decline

(Bloomberg) -- Copper futures rose to a three-week
high in New York as declining global inventories of the metal
increased supply concerns.

Chinese stockpiles fell 5.6 percent to 90,617 metric tons,
the biggest decline in six months, the Shanghai Futures Exchange
said in a weekly report today. Inventories in warehouses
monitored by the London Metal Exchange fell 1.4 percent to
114,700 tons today.


Read more at Bloomberg Commodities News

Copper Rises For Third Session in New York as Global Inventories Decline

(Bloomberg) -- Copper futures rose for a third
session in New York as global inventories of the metal shrank.

Chinese stockpiles fell 5.6 percent to 90,617 metric tons,
the biggest decline in six months, the Shanghai Futures Exchange
said in a weekly report today. Inventories in warehouses
monitored by the London Metal Exchange fell 1.4 percent to
114,700 tons today. Copper has gained 20 percent this year,
partly on supply concerns.


Read more at Bloomberg Commodities News

Shanghai copper down 1.4 percent on faltering LME

(Reuters) - Shanghai copper closed down 1.4 percent on Tuesday as investors cashed in positions after London futures failed to sustain a rally above $7,600 a tonne in the previous session.

The most-active September copper contract on the Shanghai Futures Exchange ended the day at 64,480 yuan a tonne, from 65,400 yuan on Monday.


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Shanghai copper up 2.9 percent, supply woes support

(Reuters) - Shanghai copper rose almost 3 percent on Monday, with the market shrugging off warnings from China that it will take further steps to cool the economy, and instead focused on threats to supply and limited world stocks.

The most-active August copper contract on the Shanghai Futures Exchange rose 2.9 percent to 64,930 yuan a tonne at the close, from 63,130 yuan on Friday.


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China Copper Imports Fall After Rise in Domestic Stockpiles, Higher Prices

(Bloomberg) -- China's copper imports fell in May
and stockpiles climbed to a three-year high at a time of record
domestic production, fueling concern that supply in the world's
biggest consumer of the metal may be outpacing demand.

Refined copper and alloy imports fell 32 percent to 129,949
metric tons last month, according to preliminary figures issued
by the Beijing-based customs office today. This would be the
biggest drop since October 2005. Shanghai Futures Exchange copper
inventories jumped 6.4 percent to 99,773 tons, the highest since
April 2004, the exchange said in a weekly report.


Read more at Bloomberg Commodities News

Shanghai copper pares gains on stock rise worry

(Reuters) - Shanghai copper edged higher by midday on Friday, paring earlier gains on speculation that Shanghai copper stocks may rise by as much as 10 percent this week.

The most-active August copper contract on the Shanghai Futures Exchange rose 0.3 percent to 63,600 yuan a tonne at midday, from 63,420 yuan on Thursday.


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Shanghai copper tracks LME up, but China worries

(Reuters) - Shanghai copper pushed up on Thursday after a rally in London futures in the previous session on strong U.S. economic data and threats to supply, but sentiment was fragile as investors fretted that Chinese demand may slow.

The most-active August copper contract on the Shanghai Futures Exchange rose 0.75 percent to 63,300 yuan a tonne at midday, from 62,830 yuan on Wednesday.


Read more at Reuters Africa