Shanghai copper rose on expectation of lowering bank reserve rate

Apr 20, 2012 | 04:09 AM |

Shanghai Futures Exchange copper prices rebounded on Friday April 20 as expectations of a cut in the banks reserve requirement ratio raised risk appetite. SHFE July copper settled at 57,740 yuan ($9,484) per tonne, up 190 yuan from Thursday's settlement, but 1.8% lower on the week. Copper held in SHFE official warehouses declined 10,657 tonnes to 211,170 tonnes. Spot copper prices....

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