Demand concerns keep copper in flux (UPDATE)
Mar 18, 2014 | 04:15 PM
| Saranya Kapur
NEW YORK Copper prices continued to fluctuate March 18 after a sell-off last week, with concerns over long-term demand in China keeping tags near a 44-month low.
Prices had ticked up slightly March 17, which analysts attributed to speculators settling their short positions.
"Theres been a large buildup in short positions, and at this price there is an opportunity to buy back and take profits," said Catherine Virga, an analyst at New York-based commodities research, consulting and asset management company CPM Group. "Theres been a bit of a bounce back, but the momentum isnt staying."....
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