Shanghai copper up on promising Chinese manufacturing data

Shanghai Futures Exchange copper moved up on Monday December 31, on positive manufacturing data from China.

The April copper contract settled at 57,810 yuan ($9,153) per tonne, up 160 yuan from last session close. “Helped by the encouraging purchasing managers’ index, market sentiment improved and copper prices went up,” Fang Junfeng, an analyst at CIFCO said. The final reading of HSBC’s December China purchasing managers’ index stood...


Rena Gu

December 31, 2012

09:25 GMT