Hmmn - Max - I hope CDU is just getting the downdraft of the general copper sell off ? I would feel a lot better if Oceanwides $17m turns up after their past form .
A crackdown on the use of copper as a financing tool in China is also weighing on demand there.
"0228 GMT [Dow Jones] Three-month copper is trading lower on the London Metal Exchange, tracking losses on the Shanghai Futures Exchange Monday when the LME was closed for a U.K. holiday. Copper is trading at $7,231.25 a metric ton, down 0.9% from its previous settlement. Asian traders say sentiment in the market is broadly bearish, due to a stalling China manufacturing sector and concerns over a possible end to Fed stimulus measures, which have been a key support for copper prices in recent years. A crackdown on the use of copper as a financing tool in China is also weighing on demand there. ~
END) Dow Jones Newswires
May 27, 2013 22:28 ET (02:28 GMT)
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