Comex copper prices decline further
Apr 22, 2013 | 04:50 PM
| 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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