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Shanghai copper price down as Qingdao concerns persist

June 12, 2014 - 10:30 GMT Location: Shanghai

KEYWORDS: copper , aluminium , lead , zinc

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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