Shanghai Copper Hits 33-Month Top, Chases London Gains -Shanghai Metals Market

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Shanghai Copper Hits 33-Month Top, Chases London Gains

Industry News 09:53:06AM Dec 22, 2010 Source:SMM

Dec 22 (Reuters) - Shanghai's benchmark third-month copper futures contract SCFc3 hit a 33-month high at 70,000 yuan ($10,513)a tonne on Wednesday, tracking a record-setting rally in London prices in the previous session.

Three-month copper on the London Metal Exchange rose to $9,390 a tonne, just a hair off the record level of $9,392 reached on Tuesday. ($1 = 6.658 Chinese yuan)

 

 

 

 

 

Shanghai Copper Hits 33-Month Top, Chases London Gains

Industry News 09:53:06AM Dec 22, 2010 Source:SMM

Dec 22 (Reuters) - Shanghai's benchmark third-month copper futures contract SCFc3 hit a 33-month high at 70,000 yuan ($10,513)a tonne on Wednesday, tracking a record-setting rally in London prices in the previous session.

Three-month copper on the London Metal Exchange rose to $9,390 a tonne, just a hair off the record level of $9,392 reached on Tuesday. ($1 = 6.658 Chinese yuan)