Shanghai Futures Exchange copper traded up 0.4 percent at 46,740 yuan ($6,789) a tonne on Tuesday with worries easing over President Donald Trump's ability to push through economic reform. ShFE lead fell 4.1 percent, tracking 3-percent losses in London lead overnight as supply concerns faded.
"Key commodities held above key technical levels as selling eased late in the trading session (on Monday). This could serve as a platform for further gains today," ANZ said in a report. China said on Tuesday it would expand the scope for insurance companies to provide more low-cost and long-term funds for the manufacturing sector as part of a broader effort to ramp up financial support for struggling manufacturers to upgrade. Top Chinese government officials and steel executives met in Beijing on Monday to discuss the challenges in cutting overcapacity in the steel sector, according to a statement posted on the website of China's state planner on Tuesday.
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