Shanghai Copper Falls as China Reopens, Tracks LME Drop

Industry News 10:14:45AM Apr 05, 2012 Source:SMM

(Reuters) - Shanghai copper futures slid more than 1 percent on Thursday as Chinese markets reopened after a three-day public holiday, tracking steep losses in London in the previous session sparked by fears of no U.S. economic stimulus this year.

The most-traded July copper contract on the Shanghai Futures Exchange dropped 1.3 percent to 59,300 yuan ($9,400) a tonne by 0111 GMT.

Three-month copper on the London Metal Exchange slipped 0.2 percent to $8,332.75 a tonne, adding to a 3 percent fall on Wednesday, its biggest decline in two months. ($1 = 6.2980 Chinese yuan)


 

Shanghai Copper Falls as China Reopens, Tracks LME Drop

Industry News 10:14:45AM Apr 05, 2012 Source:SMM

(Reuters) - Shanghai copper futures slid more than 1 percent on Thursday as Chinese markets reopened after a three-day public holiday, tracking steep losses in London in the previous session sparked by fears of no U.S. economic stimulus this year.

The most-traded July copper contract on the Shanghai Futures Exchange dropped 1.3 percent to 59,300 yuan ($9,400) a tonne by 0111 GMT.

Three-month copper on the London Metal Exchange slipped 0.2 percent to $8,332.75 a tonne, adding to a 3 percent fall on Wednesday, its biggest decline in two months. ($1 = 6.2980 Chinese yuan)