The most-traded May copper contract on the Shanghai Futures Exchange traded up 1.1 percent at 60,760 yuan a tonne on Wednesday. "The Greece saga is just dragging and dragging - there's no sense of closure and this week we're going to see more of the same," metals analyst Edward Meir at INTL FCStone said.
"The markets are shifting their focus away from Greece, which is almost discounted, and they're looking now more to China. January imports were down and February are also likely to be down. It doesn't look that hot over there right now."