Shanghai copper price up on positive economic data

Shanghai Futures Exchange copper prices settled higher on Friday February 8, riding on Chinese inflation figures and positive trade data.

The most-traded May copper contract settled at 59,730 yuan ($9,485) per tonne, up 140 yuan per tonne from the last session. The contract was up 230 yuan on the week. The consumer price index, a key gauge of inflation, rose by 2% year-on-year in January, the National Bureau of Statistics announced on February 8. The rate was slower than December’s 2.5% annual increase. "While there is some base effect as last year’s lunar new year was in January,...

Published

February 08, 2013

09:45 GMT

Shanghai

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