Copper $ 5.51 / lb 1.52%

Brent Crude Oil $ 60.47 / bbl 1.17%

Palladium $ 1786.9 / ozt 0.50%

Crude Oil $ 56.66 / bbl 1.12%

Natural Gas $ 3.984 / Btu 1.07%

Silver Futures $ 67.489 / ozt 3.17%

Aluminum Futures $ 2868 / ton 0.00%

Micro Gold Futures $ 4418.8 / ozt 0.53%

Micro Silver Futures $ 67.489 / ozt 3.16%

Platinum $ 2018.6 / ozt 3.35%

Gold Futures $ 4387.3 / ozt 0.54%

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Copper cancelled warrants signal Chinese restocking, not consumption

Fast Markets | October 20, 2011 | 3:10 pm Base Metals China Europe Copper

KEYWORDS: copper , cancelled warrants , LME , premiums , copepr prices The recent rise in cancelled warrants for copper is a sign of Chinese merchants restocking at prices at or below $7,000 per tonne rather than consumption, traders told MB. The recent…