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Shanghai copper recovery takes a rest on import data

July 12, 2010 - 05:38 GMT Location: Shanghai

KEYWORDS: Shanghai , copper , zinc , aluminium

Shanghai copper futures fell in Monday's morning session after preliminary customs data revealed a 17% drop in June imports of unwrought copper and copper fabricated products.

October copper on the Shanghai Futures Exchange ended at 53,500 yuan ($7,903) per tonne in the morning session, down 130 yuan or 0.2% from opening. October aluminium also lost 25 yuan to end at 14,960 yuan per tonne, while zinc edged down by 10 yuan to reach 15,365 yuan per tonne. "The lower import data pushed today's copper prices slightly down...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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