(Bloomberg) -- Copper prices fell for a third day in
Shanghai on speculation that local stockpiles of the metal
increased, adding to concern that China may take time to absorb
supply following higher-than-expected imports last month.
Shanghai copper stockpiles, which have been falling since
reaching a three-year high on June 14, may rise, as a deadline
for delivery against the expiring July futures contract
approaches. The Shanghai Futures Exchange will release this
week's data later today. China is also expected to issue June
import and output figures for refined copper early next week.
Read more at Bloomberg Commodities News
Shanghai on speculation that local stockpiles of the metal
increased, adding to concern that China may take time to absorb
supply following higher-than-expected imports last month.
Shanghai copper stockpiles, which have been falling since
reaching a three-year high on June 14, may rise, as a deadline
for delivery against the expiring July futures contract
approaches. The Shanghai Futures Exchange will release this
week's data later today. China is also expected to issue June
import and output figures for refined copper early next week.
Read more at Bloomberg Commodities News
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