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Print Print edition: 2012-03-10

Shanghai copper climbs

Published Updated

The most-traded June copper contract on the Shanghai Futures Exchange climbed 1.7 percent to close at 60,520 yuan ($9,600) a tonne on Friday. Premiums on copper from Shanghai bonded warehouses are now at $30-$60 per tonne over LME cash copper, said a Shanghai-based physical dealer.
Copper stockpiles in Shanghai warehouses rose another 3,294 tonnes to 224,781 tonnes, data from the ShFE showed on Friday, the highest level since July 2002.

Copyright Reuters, 2012

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