Copying and distributing are prohibited without permission of the publisher

LME ASIAN WRAP: Copper prices down amid sustained correction

June 25, 2014 - 06:05 GMT Location: Shanghai

KEYWORDS: London Metal Exchange , LME

London Metal Exchange copper prices slid in early Asian trading on Wednesday June 25 amid a sustained downward correction following recent gains.

At 03:28 London time, three-month copper traded at $6,871 per tonne, down $3.75 from its opening price of $6,874.75 per tonne. "Copper prices are correcting after recent gains, it may face some pressures to pick up in the near term," Yang Xiaoguang, metal analyst of Jinrui Futures in Shenzhen, said. Three-month copper on the London Metal Exchange recorded a total gain of 1.9% last week. Meanwhile, reports on Tuesday that sales of...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful including:

  • Easier to find the content suitable for you
  • Improved Price Book functionality
  • Better search function

Simply click 'Yes please' below to go straight to the BETA site (you can return to the original site any time you wish).