Copper prices find support in China, Europe LME ASIAN WRAP: Copper prices find support in China, Europe recovery hopes
May 29, 2014 - 04:50 GMTLocation: Shanghai
KEYWORDS:LME copper , aluminium , zinc , tin , lead , nickel
The London Metal Exchange copper prices retreated during Asian morning trading on Thursday May 29, though expectations of an economic stimulus in China and improved eurozone data capped losses.
At 04:09 London time, the three-month copper was down $9 per tonne from its opening to trade at $6,923 per tonne. "The three-month copper touched $6,952 per tonne overnight," a broker said, adding "This morning copper fluctuated in a bonded range around the high position." "We have already heard that some provincial governments [in China] will implement policies to boost...