TSXV:CAV.H - Post by User
Post by
tigerseaon Jul 25, 2008 12:51pm
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Post# 15329833
Chinese copper demand
Chinese copper demandChina's copper import in June drops 24.4 pct on year
(www.chinamining.org)
Updated:2008-07-25 09:56
Counter:707
China's copper import dropped 24.4percent in June from the year-agoperiod, raising worries aboutweakening copper demand in the localmarket, according to NationalDevelopment and Reform Commission (NDRC).
Analysts hold that the drastic slump in energy pricehelpsreducing costs of metal products, thus driving down the copperprice.
London Metal Exchange (LME) copper price has fallen about tenpercent since hitting a record high on July 2.
chinese demand wont make up for US's decrease