Copper futures on the London Metal Exchange rose in morning trading on Wednesday March 4, after fresh cancellations showed up in the 09:00am stock reporting.
At $5,715 per tonne, the LME three-month copper contract is up by $55 on yesterday's 7pm closing price.Some 13,125 tonnes of copper was freshly cancelled, following 17,000 tonnes on Tuesday and a 61,175-tonne inflow on Wednesday February 26.Stock cancellations are appearing globally; the bulk of today's action was centred on Rotterdam, with New Orleans, Port Klang and Trieste also seeing units assigned for...