Money
Copper imports increase by 53% in March
(China Daily)
Updated: 2010-04-22 11:25
 |
Large Medium Small |
BEIJING - China's copper imports rose for a second month in March as seasonal demand led to increased orders.
"Traders continue to ship in the metal in anticipation of demand despite Shanghai prices having traded weaker than London," said Zhang Sida, an analyst at Dalu Futures Co.
Copper for three-month delivery on the London Metal Exchange was 0.3 percent up at $7,815 a ton at 2:55 pm Shanghai time. The metal added 0.2 percent to close at 60,930 yuan ($8,925) a ton in Shanghai.
Bloomberg News
