Manufacturing Expands, Boosting Demand Outlook-Shanghai Metals Market

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Manufacturing Expands, Boosting Demand Outlook

Industry News 04:09:29PM Dec 02, 2010 Source:SMM

Dec. 2 (Bloomberg) -- Copper advanced in London and Shanghai after manufacturing in China, the U.S. and Europe expanded last month, adding to signs of a revival in demand.

The metal for three-month delivery on the London Metal Exchange rose for a third day, by as much as 0.5 percent, to $8,630.75 a metric ton, and traded at $8,620 a ton by 9:07 a.m. Singapore time.

March-delivery copper on the Shanghai Futures Exchange climbed for a fourth day, by as much as 2.4 percent, to 65,200 yuan a ton.


 

Manufacturing Expands, Boosting Demand Outlook

Industry News 04:09:29PM Dec 02, 2010 Source:SMM

Dec. 2 (Bloomberg) -- Copper advanced in London and Shanghai after manufacturing in China, the U.S. and Europe expanded last month, adding to signs of a revival in demand.

The metal for three-month delivery on the London Metal Exchange rose for a third day, by as much as 0.5 percent, to $8,630.75 a metric ton, and traded at $8,620 a ton by 9:07 a.m. Singapore time.

March-delivery copper on the Shanghai Futures Exchange climbed for a fourth day, by as much as 2.4 percent, to 65,200 yuan a ton.