(Bloomberg) -- Shanghai copper futures rose by as
much as 4 percent from an eight-week low in early trading,
recovering following gains in overseas markets amid speculation
that global economic growth will support demand for the metal.
The contract for August delivery on the Shanghai Futures
Exchange reached 63,800 yuan ($8,325) a ton, up 2,440 yuan from
the previous close. It traded 1,970 yuan, or 3.2 percent higher,
at 63,330 yuan a ton at 9:49 a.m.
Read more at Bloomberg Commodities News
much as 4 percent from an eight-week low in early trading,
recovering following gains in overseas markets amid speculation
that global economic growth will support demand for the metal.
The contract for August delivery on the Shanghai Futures
Exchange reached 63,800 yuan ($8,325) a ton, up 2,440 yuan from
the previous close. It traded 1,970 yuan, or 3.2 percent higher,
at 63,330 yuan a ton at 9:49 a.m.
Read more at Bloomberg Commodities News
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