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Shanghai copper price down as Qingdao concerns persist
June 12, 2014 - 10:30 GMT
Shanghai Futures Exchange copper prices ended lower on Thursday June 12 as Qingdao concerns continued to dominate the market.
The most-traded August copper contract closed at 47,460 yuan
($7,715) per tonne, down 400 yuan per tonne from the previous
close. "SHFE copper opened low and fluctuated today," one
broker told Metal Bulletin. "Market sentiment is still largely
suppressed by the Qingdao issue." The probe into multiple
pledging of warehouse receipts at the Chinese port in the
eastern province of Shandong has sidelined...
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