MB:Shanghai copper up 2% on spot support, monetary easing hopes
Shanghai Futures Exchange copper rebounded by 1.7% on Wednesday on strong spot demand and rising hopes of monetary easing from Beijing. The benchmark January copper contract ended at 58,670 yuan ($9,212) per tonne, up 960 yuan from the previous close. "As can be seen from recent inventory changes on the London Metal Exchange, demand in Asia, especially China, is very good. This is supporting the copper price," an analyst in Shanghai said. Shanghai copper premiums have risen further to...