Shanghai copper rises 1.7% on positive US news, but volumes low

Dec 21, 2011 | 02:23 AM |

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....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results