Copper price decline surprises traders
Jun 10, 2013 | 06:26 PM
| Everdeen Mason
NEW YORK Traders have expressed surprise at coppers price decline over the past week as Comex values fell again June 10.
The July Comex contract, the most actively traded, settled at $3.241 per pound June 10, down almost 3 cents from $3.2685 June 7 and the lowest level since May 2. Prices have fallen steadily from $3.3715 per pound June 5.
"I dont know why the price dropped, given (physical) market conditions," one trader source told AMM. "Theres a stronger demand plus problems with producers. (The market) is stronger than it looks."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.