Shanghai copper prices falter as imports fall, trade slows

Apr 10, 2012 | 04:13 AM |

Copper prices on the Shanghai Futures Exchange fell on Tuesday April 10 as a drop in China’s copper imports and slowing trade growth dampened market sentiment. SHFE July copper settled at 59,620 yuan ($9,421) per tonne, down 490 yuan from Monday. Trading volume of the contract rose 43% to 468,832 lots on Tuesday. "Today's market sentiment was obviously affected by the copper import figures for March as well as an unexpected trade surplus this month,"....

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