Copper rises
By Reuters
November 28, 2017
London copper touched a one-month high above $7,000 a tonne on Monday, amid signs of resilience in China´s industrial sector that suggested a cooling, but still healthy, appetite for metals.
London Metal Exchange copper hit $7,024 a tonne, its highest in a month,
and is on track for a 26 percent annual gain, which would be its biggest since 2010.
The metal eased to be flat at $7,005 a tonne by 0146 GMT, still holding a half-percent advance from the previous session.
Shanghai Futures Exchange copper rose 0.7 percent to 54,500 yuan ($8,252) a tonne, having struck its highest in around three weeks.
Open interest in Shfe´s January copper contract is the highest in 18 months, which as prices have generally risen suggests bets that prices will scale new heights early next year.
London Metal Exchange copper hit $7,024 a tonne, its highest in a month,
and is on track for a 26 percent annual gain, which would be its biggest since 2010.
The metal eased to be flat at $7,005 a tonne by 0146 GMT, still holding a half-percent advance from the previous session.
Shanghai Futures Exchange copper rose 0.7 percent to 54,500 yuan ($8,252) a tonne, having struck its highest in around three weeks.
Open interest in Shfe´s January copper contract is the highest in 18 months, which as prices have generally risen suggests bets that prices will scale new heights early next year.
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