(Bloomberg) -- Copper prices fell for a third day in
Shanghai on concern that buying by China, the world's biggest
consumer of the metal, may have plunged last month, signaling
weakening demand.
China's customs office is scheduled to issue import data for
May next week. Imports probably fell by at least 48 percent to
100,000 metric tons, compared with April's near-record levels,
after inventories increased and prices soared, traders and
analysts, including Xue Feng at Maike Futures Co., said June 6.
Read more at Bloomberg Commodities News
Shanghai on concern that buying by China, the world's biggest
consumer of the metal, may have plunged last month, signaling
weakening demand.
China's customs office is scheduled to issue import data for
May next week. Imports probably fell by at least 48 percent to
100,000 metric tons, compared with April's near-record levels,
after inventories increased and prices soared, traders and
analysts, including Xue Feng at Maike Futures Co., said June 6.
Read more at Bloomberg Commodities News
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