Shanghai copper up on strong local equities market

Shanghai Futures Exchange copper prices were up on Friday December 28, riding on strong local stocks market.

SHFE April copper settled at 57,650 yuan ($9,126), up 150 yuan from last session. The contract was up 950 yuan for the week. “The spot market is very quiet towards the year-end, it has no support but weighing on the futures market. But local stocks are very strong and helping market sentiment,” Yang Xiaoguang, analyst at Jinrui Futures in Shenzhen, said. Shanghai Composite...


Linda Lin

December 28, 2012

09:49 GMT