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No rally for Shanghai copper prices

January 31, 2012 - 08:13 GMT Location: Shanghai

KEYWORDS: Shanghai , copper , China , prices

Shanghai copper prices fell 0.6% on Tuesday, in a small blow to those expecting a post-holiday rally.

The April contract on the Shanghai Futures Exchange settled at 60,480 yuan ($9,594) per tonne, down 390 yuan from last session and erasing a modest gain yesterday. “Many people are talking about post-holiday buying from China, but I don’t think there is going to be much. Even if there is such purchasing,...

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Comment & analysis

EXPERT VIEW FROM ERNST & YOUNG: Horror week favours the brave

Seven days is a long time in the investment world, but last week must have felt longer than most.
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BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.
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