Shanghai copper prices fall on Cyprus bailout terms, Chinese housing regulations

Shanghai Futures Exchange copper prices fell on Tuesday March 26 as concerns grew over future eurozone bailout terms and Chinese housing regulations.

The most-traded July copper contract settled at 55,720 yuan ($8,879) per tonne, down 360 yuan from yesterday. “The Cyprus deal didn’t provide much cheer to the market [...] copper has encountered heavy resistance at 56,000 yuan,” an analyst from Nanhua Futures said. “The deal was more a sign of disarray than a cure...

Published

Carol Lu

March 26, 2013

09:00 GMT

Shanghai