Might have something to do with concerns with oversupply in China as they reported record import numbers the other day, which means that they are simply shifting stock from LME to Chinese warehouses. If overstocked, they could get shifted back to LME warehouses in a hurry -
http://www.bloomberg.com/apps/news?pid=20601012&sid=asZFAr1A04Ek&refer=commodities
Uptrend still in place, and a deficit is still predicted for 2007. So still fundamentally strong.
618
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