Shanghai copper down 0.7% for the week on EU gloom, China worry
Dec 09, 2011 | 03:15 AM
Shanghai Futures Exchange copper prices fell 0.7% in the week ended December 9 as European economic gloom and worries about China provoked unease and caution among investors.
SHFE February copper settled at 57,290 yuan ($9,025) per tonne on Friday, down from Thursday’s settlement of 57,810 yuan and last Friday’s 57,720 yuan .
"From all the macro news this week, a contraction in the world’s manufacturing industry has become a fact to us and so is a slowdown in copper demand from emerging markets," an analyst....
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