copper futures edge higher, page-36

Last chance to buy ABY at discount prices. We'll see ABY at 70 to 80 cents in the next few weeks. Copper price expected to be US$2.40/lb by mid June and tonight it is a record high for 2009 and heading higher.

Copper June 01,07:14
Bid/Ask 2.2450 - 2.2495
Change +0.0739 +3.41%
Low/High 2.1665 - 2.2595


* Shanghai copper surged up 5.7% in early Asian trading, after the National Holiday last Friday, with speculative buying encouraged by a weaker US dollar and rising oil prices.
* Traders expect Shanghai copper to play catch up to LME copper with LME set to rise further.
* China accounted for almost 40% of world copper demand in Q1 with refined imports in April of 317,947t, up more than 50% y-o-y