(Bloomberg) -- Copper rebounded in New York as
stockpiles in Shanghai dropped for a first time in six weeks,
signaling a pickup in Chinese demand and easing concern that the
world's biggest consumer was oversupplied.
Inventories at five warehouses in the city fell 0.5 percent
to from a three-year high in the past week, after tripling since
the end of December, the Shanghai Futures Exchange said today on
its Web site. Stockpiles monitored by London Metal Exchange
declined for a sixth daily session.
Read more at Bloomberg Commodities News
stockpiles in Shanghai dropped for a first time in six weeks,
signaling a pickup in Chinese demand and easing concern that the
world's biggest consumer was oversupplied.
Inventories at five warehouses in the city fell 0.5 percent
to from a three-year high in the past week, after tripling since
the end of December, the Shanghai Futures Exchange said today on
its Web site. Stockpiles monitored by London Metal Exchange
declined for a sixth daily session.
Read more at Bloomberg Commodities News
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