Copper Gains from London to Shanghai as U.S. Data Buoys Outlook for Demand-Shanghai Metals Market

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Copper Gains from London to Shanghai as U.S. Data Buoys Outlook for Demand

Industry News 04:46:01PM Dec 17, 2010 Source:SMM

Dec 17 (Bloomberg) --  Copper rebounded from London to Shanghai as better-than-expected U.S. economic data buoyed the demand outlook for the metal used in construction and household appliances.

Copper for three-month delivery on the London Metal Exchange rose for the first time in four days, by as much as 0.7 percent, to $9,049.75 a metric ton, and traded at $9,045 by 9:03 a.m. Singapore time. The contract is up for a third week.

The metal for March-delivery on the Shanghai Futures Exchange gained for the first day in three, by as much as 0.9 percent, to 67,750 yuan a ton. Futures on the Comex in New York also climbed for the first time in three days, by as much as 0.5 percent, to $4.1350 a pound.

 

 

 

 


 

Copper Gains from London to Shanghai as U.S. Data Buoys Outlook for Demand

Industry News 04:46:01PM Dec 17, 2010 Source:SMM

Dec 17 (Bloomberg) --  Copper rebounded from London to Shanghai as better-than-expected U.S. economic data buoyed the demand outlook for the metal used in construction and household appliances.

Copper for three-month delivery on the London Metal Exchange rose for the first time in four days, by as much as 0.7 percent, to $9,049.75 a metric ton, and traded at $9,045 by 9:03 a.m. Singapore time. The contract is up for a third week.

The metal for March-delivery on the Shanghai Futures Exchange gained for the first day in three, by as much as 0.9 percent, to 67,750 yuan a ton. Futures on the Comex in New York also climbed for the first time in three days, by as much as 0.5 percent, to $4.1350 a pound.