May 24, 2016 / 12:16 PM / a year ago

LME report shows funds cut net long copper positions

LONDON, May 24 (Reuters) - The total net long position of funds trading copper on the London Metal Exchange fell to 24,919 lots on May 20 from a net long position of 30,023 lots the previous Friday, the LME’s Commitments of Traders Report (COTR) showed on Tuesday.

Funds overall were long 130,329 lots and short 105,410 lots. One copper lot is 25 tonnes. LME-CA-MNET <0#LME-CA-COT> (Reporting by Pratima Desai; Editing by Mark Potter)

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