Got this from bloomberg;
Nov. 10 (Bloomberg) -- Copper plunged to a four-month low, capping the biggest weekly decline since September, as higher inventories renewed speculation that demand may be slowing in China, the world's largest user of the metal.
Stockpiles in warehouses monitored by the Shanghai Futures Exchange rose 15 percent this week and Chinese imports dropped 22 percent in the first 10 months of the year, the Beijing-based customs office said on its Web site Nov. 8. Surging demand from China helped send prices to a record high in May, and copper prices had quintupled since 2001.
``The demand on a domestic basis has collapsed completely,'' said Bret Tauben, who trades s*rap copper for metals-recycler Metalsco Inc. in St. Louis. ``If you want to sell s*rap copper today, it really has to be sold in Asia, and the demand there has been spotty.''
Get this - I had to edit the word "s*rap" copper
because it contained the word *rap! wot a joke!
re: copper
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Last
$41.76 |
Change
-0.900(2.11%) |
Mkt cap ! $211.7B | |||
| Open | High | Low | Value | Volume |
| $42.02 | $42.09 | $41.75 | $565.3M | 13.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 176 | 109821 | $41.75 |
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| Price($) | Vol. | No. |
|---|---|---|
| $41.80 | 17792 | 2 |
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| BHP (ASX) Chart |