Summary Box: Copper prices fall after report shows demand from China fell in June

By AP
Monday, July 12, 2010

Summary Box: Copper dips as China imports fall

COPPER CUTBACK: A report showed China cut its copper imports in June by more than 17 percent compared with the previous month.

PRICE DIP: Copper for September delivery fell 4.45 cents to settle at $3.009 a pound after the disappointing report. China is the world’s largest importer of copper.

SOYBEANS JUMP: Soybean prices jumped again as the supply of beans dries up while demand remains high. Beans for August delivery rose above $10 a bushel for the first time since early May.

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