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Shanghai copper price up on positive factory data
July 24, 2014 - 10:40 GMT
HSBC flash PMI
purchasing managers' index
The Shanghai Futures Exchange (SHFE) copper prices closed higher on Thursday July 24, after data showed robust expansion in China’s manufacturing activity in July.
The September copper contract closed 640 yuan ($104) higher
than the previous day at 50,650 yuan per tonne. The HSBC China
flash manufacturing purchasing managers’ index
(PMI) rose to 52 in July from 50.7 in June. The reading was the
highest since January 2013. Analysts said there was room for
the red metal to...
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