Comex copper prices decline further

Apr 22, 2013 | 04:50 PM | Suzy Waite

Tags  copper, Comex, Citi, Goldman Sachs, Kennecott Utah, Rio Tinto, Suzy Waite

NEW YORK — Comex copper prices continued their downward slide April 22 due to weaker-than-expected demand from China coupled with an earthquake that rattled the Sichuan province April 20.

The most actively traded May copper contract closed April 22 at $3.131 per pound, down 0.6 percent from $3.1485 at the end of last week and 16 percent below $3.72 per pound at the start of the year.

Market participants said that ongoing struggles in Europe, weaker-than-expected demand from China and the April 20 earthquake have all contributed to the recent decline in Comex prices. ....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results