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Copper fell slightly on Thursday rose, nickel prices were still high|solderless copper fittings

 

 

Sydney, September 25 Reuters-CU fall rose modestly Thursday, rose because of the good comments made by Central Bank officials, but it later fell under profit-taking pressure.
In late Asian trading, the London Metal Exchange (LME), three-month copper fell $ 6,730 per tonne. Tonne 6,766 dollars earlier today. Date since June 19-low copper plunged to us $ 6,686 but ended up 0.4%.
Traders believe that earlier increases resulted from United States and ECB officials remarks hinted that they would maintain policies to stimulate growth, have soothed worries about the increasing vulnerability of the global economy.
Shanghai Futures Exchange main December copper contract fell back to 48,150 yuan per ton, growing out of 48,500 dollars.
Citigroup thinks investors about the copper market fundamentals are excessive. Citigroup analyst report notes that demand from China showed "positive" signs, such as increase in cable production in July and August.
UBS commodities analyst Daniel Morgan was more cautious. He pointed out that the analysts at the Bank for a mild air of copper in the fourth quarter, since increased supply will appear in 2014 and 2015.
Earlier in LME nickel was up by more than $ 100, before easing to us $ 17,430/tonne, still higher than Wednesday's close.

Sydney, September 25 Reuters-CU fall rose modestly Thursday, rose because of the good comments made by Central Bank officials, but it later fell under profit-taking pressure.

 

In late Asian trading, the London Metal Exchange (LME), three-month copper fell $ 6,730 per tonne. Tonne 6,766 dollars earlier today. Date since June 19-low copper plunged to us $ 6,686 but ended up 0.4%.

 

 

Traders believe that earlier increases resulted from United States and ECB officials remarks hinted that they would maintain policies to stimulate growth, have soothed worries about the increasing vulnerability of the global economy.

 

 

Shanghai Futures Exchange main December copper contract fell back to 48,150 yuan per ton, growing out of 48,500 dollars.

 

 

Citigroup thinks investors about the copper market fundamentals are excessive. Citigroup analyst report notes that demand from China showed "positive" signs, such as increase in cable production in July and August.

 

 

UBS commodities analyst Daniel Morgan was more cautious. He pointed out that the analysts at the Bank for a mild air of copper in the fourth quarter, since increased supply will appear in 2014 and 2015.

 

 

Earlier in LME nickel was up by more than $ 100, before easing to us $ 17,430/tonne, still higher than Wednesday's close.

 

 

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