MB:Shanghai copper prices flat as demand concerns persist
Copper prices on the Shanghai Futures Exchange were mostly flat on Thursday November 22 as concerns over demand outweighed signs that the Chinese economy was bottoming out.
The most traded February copper contract settled at 56,060 yuan ($8,924) per tonne, down 10 yuan from last session. “Given the decreased copper imports in October, investors’ concerns about demand in the world's largest copper user increased further. Now they are being cautious,” said Fang Junfeng, an analyst of CIFCO. Imports of...
