Copper $ 5.6358 / lb 2.72%
Brent Crude Oil $ 104.4 / bbl -4.21%
Palladium $ 1496.5 / ozt 5.39%
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Micro Silver Futures $ 75.48 / ozt 7.54%
Platinum $ 1973.85 / ozt 4.22%
Gold Futures $ 4713.3 / ozt 3.84%
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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…

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