Copper Prices Up Ahead of Chinese Trade Figures

  • Thursday, August 8, 2013
  • Source:

  • Keywords:copper prices China’s import and export data
[Fellow]
[Ferro-Alloys.com] London Metal Exchange copper prices jumped in early Asian trading on Thursday August 8, on positive sentiment over China’s preliminary July trade data, due later today.
 
Three-month copper stood at $7,098 per tonne at 03:10 London time, up $79.25 from its opening price. "Today's price rise may be due to better sentiment from investors – China’s import and export data in July may exceed both June levels and market expectations,” according to Tao Jinfeng, chief analyst at Guotai Junan Futures.
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