Copper & China Down May 4 2016

Copper prices fell on Wednesday due to selling triggered by the stronger dollar.  Surveys of manufacturing around the world, and particularly in top consumer China, highlighted poor demand prospects.  Benchmark copper on the LME was down 0.6 percent at $4,893 a tonne ($2.22/lb) at 0933 GMT.  Shanghai Futures Exchange copper slid 1.1 percent to 37,200 yuan ($5,725) a tonne ($2.60/lb).

May COMEX 219.85, down 1.60 ¢

Jun COMEX 219.95, down 1.65 ¢

Jul COMEX 220.25, down 1.65 ¢

LME 3 Month Copper 4,884.50, Cash = 222.00 ¢/lb

COMEX Stocks down 260 mt. Total COMEX 58,852 mt

LME Stocks up 1,825 mt. Total LME 156,500 mt

Shanghai Stocks down 19,795 mt, Total Shanghai 311,894 mt (29APR16)

Stocks GT:  527,246 mt

Crenlo cabsEuro 1.1497

WTI Crude Oil 44.19, up 0.54

Brent Crude Oil 45.41, up 0.44

Spot Gold 1,289.30

Founder and President of Vertical Datacom, Inc

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