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. ....





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