Shanghai copper rises on better PMI figures

May 02, 2012 | 05:20 AM |

Shanghai Futures Exchange copper rose on Wednesday after data showed China’s manufacturing decline easing. The SHFE’s August copper contract settled at 58,750 yuan ($9, 340) per tonne, 4.8% higher than the previous trading day. “Commodities reacted to positive news on the first day after the May break,” an analyst from Beijing....

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