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Shanghai copper falls 2.2% on inflation figures

March 11, 2010 - 07:45 GMT Location: Shanghai

KEYWORDS: SHFE , copper

Shanghai copper fell back below 60,000 yuan ($8,785) per tonne on Thursday as fresh data showed inflation creeping up in February.

The June copper contract ended at 59,310 yuan per tonne, down 2.2% or 1,310 yuan from a day earlier, while trading for all copper contracts jumped to 449,684 lots. "The high CPI [consumer price index] led all domestic commodity futures down today,” said a trader in Nanjing. Consumer prices rose 2.7% from...

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