Read here for an updated price and inventory chart from The Copper Journal.
rose for the tenth consecutive month, reaching its highest level since last
October, while more surplus metal went into warehouse.
Spot copper averaged
$2.8786 on Comex during October, up 6.38¢, or 2.3% over $2.8148 in September
and was up 69.3¢ or 31.7% over $2.1857 last October.
The year to date
average now stands at $2.2027, off $1.2503, or 36.2% from $3.4530 during the
first ten months of 2008.
Inventories held in
Comex and LME warehouses rose 33,644 MT, or 8.5% during October to 427,960 MT,
and are up 57,110 MT from year end. On a year over year basis, stocks have
risen 188,336 MT, or 79% from 239,624 MT last October.
See below for a chart
covering 1988 through October 2009.
The Copper Journal Price & Inventory Chart From The Last Two Decades - October 2009
November 11, 2009