Shanghai copper prices rises but demand still weak

May 08, 2012 | 05:00 AM |

Copper prices on the Shanghai Futures Exchange rose slightly on Tuesday May 8 after Monday’s losses, but weak demand in China, the world’s largest copper consumer, was expected to keep prices under pressure. The SHFE August copper contract settled at 57,840 yuan ($9,150) per tonne, up by 310 yuan from Monday. Contract trading volumes fell from 1,164 lots to 314,114 lots today. “Today’s price increase is....

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