Shanghai copper down

The most-active July copper contract on the Shanghai Futures Exchange shed 0.3 percent to 57,670 yuan ($9,100) a tonne on Thursday, after gaining more than 2 percent in the previous session. "Copper prices haven't moved much as everyone takes on a wait-and-see attitude ahead of the Spanish bond auction," said Great Wall Futures analyst Li Rong.
"Balancing this piece of potentially negative news are investor hopes that Beijing will inject more liquidity into the economy and further loosening monetary policy."