Shanghai copper price down as concerns about oversupply remain

The Shanghai Futures Exchange copper price drifted lower on Thursday October 31, as the market digested the US Federal Reserve’s decision to continue its easing policy even as concerns about fundamentals remain.

The most-traded January copper contract closed at 51,810 yuan ($8,450) per tonne, down 270 yuan from the close on October 30. “The Fed prolonged the stimulus on Wednesday, acknowledging the...

Published

Metal NM

October 31, 2013

09:05 GMT

SHANGHAI