Shanghai copper edged up 0.2 percent on Friday, paring early gains boosted by better economic prospects, and dealers declared trading would be rangebound in the absence of much key economic news. For full story, click here
Shanghai copper closed weaker, but off two-week lows on Wednesday when talk of a second U.S. government stimulus plan stoked concerns about the fate of the global economy. For full story, click here
Copper surged in Shanghai for a second day on signs that supply in China in the near-term will remain tight and after gains in oil and equities yesterday boosted demand for commodities as an inflation hedge. Cai Luoyi, analyst at China International Futures, stated: Futures prices were buoyed by high premiums in the cash market, [...]
Shanghai copper climbed up on Wednesday, after earlier touching a four-month high, buoyed by strong spot prices. Jane Jiang, an analyst at Shanghai Nonferrous Metals Industry Association, said: Shanghai copper futures prices were supported by strong physical prices. Spot copper has been sold at a premium since the start of the March settlement period, as [...]
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