Monday, 6 May 2013

Shanghai Copper Futures Jump By 2200 Yuan On Monday


The pickup of prices in LME last week and the cut in benchmark interest rates by ECB is continuing to charge Copper in Shanghai futures exchange. The most active contract for July delivery in Shanghai was at 52970 yuan per tonne, up 2200 yuan per tonne. The markets activity seems to be ignoring the sentiments on LME that is rather cautious ahead of Chinese import figures. LME three month Copper settled trading at $ 7150 per tonne on 3 May, up 0.5 percent in the week.
Source by Commodity Insights

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