(Bloomberg) -- Copper in Shanghai rose, reversing
earlier losses, on speculation that China's imports will fall in
July for the fourth straight month, reducing local stockpiles of
the metal for a second week.
Refined copper and alloy imports fell 6.9 percent in June to
113,074 metric tons. Still, the world's biggest consumer of the
metal imported more in the first six months than in the whole of
2006, and Shanghai Futures Exchange stockpiles almost tripled
since the start of the year after a six-month decline.
Read more at Bloomberg Commodities News
earlier losses, on speculation that China's imports will fall in
July for the fourth straight month, reducing local stockpiles of
the metal for a second week.
Refined copper and alloy imports fell 6.9 percent in June to
113,074 metric tons. Still, the world's biggest consumer of the
metal imported more in the first six months than in the whole of
2006, and Shanghai Futures Exchange stockpiles almost tripled
since the start of the year after a six-month decline.
Read more at Bloomberg Commodities News
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