Gross short positions are at their lowest since December 2012. This underscores the fragility of prices, said Barclays, given the absence of a sustained significant move higher amid rising geopolitical tensions and a lack of bearish interest in gold.
EU average flat products composite steel price decreased by almost 7 percent in the first half of 2014, compared with the corresponding period in the previous year.
China’s total refined copper imports fell by 10,000 tons on the month to 245,000 mt in July. Some foreign suppliers eschewed selling to Chinese importers as premiums for copper shipped to Shanghai fell below those to other regions.