The most-traded September SHFE copper contract stood at
47,340 yuan ($6,989) per tonne as of 03:20 BST, up 180 yuan on
the previous session’s close. Open interest for
the contract was at around 206,000 positions.
Monday saw the release of several key indicators from China
that pointed to faster-than-expected expansion in the
country’s economy. China's gross domestic product
(GDP) expanded 6.9% year-on-year in the first half of 2017,
beating expectations of 6.8%, according to the
country’s National Bureau of Statistics (NBS).
Meanwhile, China recorded second-quarter GDP growth of 6.9%,
unchanged from the previous quarter but stronger than the
forecast – growth of 6.8% had been expected.
China’s real estate sector, one of the
country’s main drivers of economic growth,...