Shanghai copper rises

The most-traded June copper contract on the Shanghai Futures Exchange rose 0.7 percent to 61,040 yuan ($9,600) a tonne ON Tuesday. Trading volumes, however, were light. "There is really not a clear direction and people want a fresh stimulant," said a Shanghai-based trader, adding that copper could be trading in the range of $8,100 and $8,600 in the near term.
Physical copper consumption in China has ticked up in March, but the improvement has been overwhelmed by the rapid increase in copper supply, analysts said. China's copper imports in February recorded a surprise jump of 17 percent on the month to 484,569 tonnes.