Copper market report December 2011

Rating agency hit Europe again and participants were worried about base metal markets for the debt problems. Meanwhile, US interest council had no substantial improvement.Asian Metal CopyrightRating agency hit Europe again and participants were worried about base metal markets for the debt problems.Asian Metal Copyright Hence, copper prices in Shanghai and London faced pressure to go down, and the level decreases compared with those of last month.Asian Metal Copyright Hence, copper prices in Shanghai and London faced pressure to go down, and the level decreases compared with those of last month.Asian Metal Copyright Besides, spot market saw no improvement and the premium expanded, while participants were watching the market, waiting for the market trend to be clear.