BLBG: Copper, Zinc Rise Limit in Shanghai as Plunge Seen Overdone
By Li Xiaowei
Dec. 22 (Bloomberg) -- Copper and zinc futures on the Shanghai Futures Exchange rose the maximum daily limit as some investors may have viewed recent drops as excessive.
Copper for March delivery rose 4 percent from the previous settlement price to 23,350 yuan ($3,411) at 9:25 a.m. local time, after plunging to a five-year low last week.
Zinc for March delivery traded at 9,755 yuan after rising 4 percent from the previous settlement price to 9,785 yuan earlier.
To contact the reporter for this story: Li Xiaowei in Shanghai at Xli12@bloomberg.net
