Shanghai Futures Exchange copper prices rose sharply on Wednesday December 25 as positive US data boosted sentiment.
The most-traded March copper contract closed at 52,360 yuan ($8,556) per tonne, up 930 yuan from the last session. “The encouraging US durable goods data and gains in the US stock markets supported international copper prices, which in turn helped lift copper prices in Shanghai,” Tao Jinfeng, chief analyst at Guotai Junan Futures in Shanghai, told Metal Bulletin. The US Commerce Department said on Tuesday December...
CDU Price at posting:
$1.86 Sentiment: LT Buy Disclosure: Held
