MB:LME ASIAN WRAP: Copper above $8,800 on Chinese demand
London Metal Exchange copper gained 1.5% after opening in Asian trading on Monday, supported by signs of a pick-up in Chinese demand as the Shanghai-LME arbitrage emerges
London Metal Exchange copper gained 1.5% after opening in Asian trading on Monday, supported by signs of a pick-up in Chinese demand as the Shanghai-LME arbitrage emerges. Three-month copper opened at $8,755 per tonne and traded as high as $8,890 per tonne, nearly 1% above officials. Chinese customs is due to release July's refined copper imports data later in the day, and market participants expect an increase...
