Edward Culchenko
Exchange news, copper. It is the second day of declining copper prices at London Metal Exchange (LME), which is caused by the fear of high demand in China. Three-month stock is worth $ 8,370.75 per ton at LME, following a decline by 1.8 percent.
In Shanghai copper is worth $ 8389 per ton. In April the cost of its supply dropped by 0.7 percent to 60320 yuan (9543 US dollars) per ton.
In March the cost of one pound of copper (including delivery) dropped by 1.9 percent at New York COMEX.
"Shanghai is rather weak, showing concern about demand, especially after recent protests," said Peng Qiang, an analyst at COFCO Futures Co.
Prices of other metals are also declining. This concerns aluminium, zinc, tin, and nickel.
Edward Culchenko
