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LME ASIAN WRAP: Copper prices ease as market decodes China data

February 13, 2014 - 03:29 GMT Location: Shanghai

KEYWORDS: LME , copper

London Metal Exchange copper prices were down in early Asian trading on Thursday February 13, as the market digested robust Chinese trade data and favourable comments from the US Federal Reserve chief.

At 02:17 London time, three-month copper traded at $7,127.25 per tonne, down from its opening price of $7,136.75 per tonne. "China’s copper imports were surprisingly high but there are some underlying reasons behind it and the numbers may not indicate strong demand as people thought at first glance," Xu Maili, analyst at Everbright Futures in Shanghai said. "Rise in January imports were mainly due to financing deals,...

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