Base metals stabilised in official trading on the London Metal Exchange on Thursday May 24, after the eurozone debt crisis saw prices fall heavily on Wednesday.
Shanghai Futures Exchange copper prices were little changed ,as market participants pondered an improvement in arbitrage between London and Shanghai.
London Metal Exchange copper prices staged a small rebound in early Asian trading on Thursday May 24 on technical buying.
Base metals prices all found new intra-day lows in kerb trading on the London Metal Exchange on Wednesday May 23, as the euro continued to suffer under the uncertainty of Greece’s future in the single currency.
Shanghai Futures Exchange copper prices sank by 1.6% on Wednesday May 23, as falls in global markets weakened sentiment.
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