Shanghai copper rises 1.7% on positive US news, but volumes low
Dec 21, 2011 | 02:23 AM
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Shanghai Futures Exchange copper prices ended up 1.7% on Wednesday thanks to boosts from overseas markets overnight.
SHFE March copper settled at 54,540 yuan ($8,546) per tonne, up 930 yuan from Tuesday.
"The latest US construction data is very positive, thus prompting a rebound in global metal prices,” an analyst in Shanghai said.
US housing starts grew by 9.3% month-on-month in November, the....
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