Tag: shfe
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Copper dropped on profit booking after inventories in SHFE rose 18.5%.
[ad_1] Copper prices experienced a slight dip of -0.4% to settle at 734.15 yesterday, primarily due to profit booking triggered by an 18.5% surge in inventories monitored by the Shanghai Futures Exchange compared to the previous Friday. This increase in supply weighed on market sentiment. China, in its efforts to bolster its economic recovery, took…