MB:Shanghai copper price up 1% on short covers, overseas gains
Shanghai Futures Exchange copper rose 1% on Tuesday as shorts liquidated their positions and LME prices advanced
Shanghai Futures Exchange copper rose 1% on Tuesday as shorts liquidated their positions and LME prices advanced. The SHFE’s November contract ended 640 yuan higher to close at 68,250 yuan ($10,686), with its spot price rising 900 yuan to 68,250-68,350 yuan per tonne on the Changjiang Nonferrous Market. “A number of shorts are squaring their positions...
