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Print Print edition: 2012-03-21

Shanghai copper eases

Published Updated

The most-traded June copper contract on the Shanghai Futures Exchange eased 0.08 percent to 60,350 yuan ($9,500) per tonne on Tuesday. Demand from top copper user China remained slack, and hopes for an increase in purchases were slim, given easing demand for exports of copper products, due to the economic slowdown in Europe, as well as weakness in domestic consumption, Standard Chartered metals analyst Judy Zhu said. China accounts for 40 percent of global refined copper demand.

Copyright Reuters, 2012

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