Melbourne
London copper rose from its lowest in three months on Thursday after upbeat China trade data for March, and as traders closed positions ahead of the long Easter holiday weekend.
China´s 2017 export outlook brightened considerably on Thursday as it reported forecast-beating trade growth in March and U.S. President Donald Trump softened his anti-China rhetoric in an abrupt policy shift.
"Now that the Easter break is about to start and the LME will be shut for four days many Asian traders will have squared up positions. The markets will have also taken comfort from the positive Chinese data," said Kingdom Futures in a report.
"(Still) with premiums still easing all eyes (are) on China for signs of the much talked about buying." London Metal Exchange copper rose 1.5 percent to $5,712 a tonne by 0534 GMT, paring losses from the previous session when prices fell more than 2 percent to their lowest since Jan. 10.
