Copper on the London Metal Exchange has risen significantly in response to information on China's exports and imports. The metal on the LME for delivery in 3 months is measured at $ 5,691.00 a tonne after rising 1.1 percent, brokers told brokers.
China has published very good export and import data. Copper exports from China rose 22.3 percent year-on-year in March, after rising 4.2 percent a month earlier. Analysts had expected exports to rise 8.0 percent year on year.
Strong data in March was also for copper imports, which increased 26.3 percent year on year. China's trade surplus amounted to 164.34 billion versus a deficit of 60.36 billion earlier.
“Strong economic data from China has supported metal prices and investors have returned to the market after the earlier decline in prices,” said Jia Zheng, a trader based in Shanghai.
Strong rise in copper prices supported by data from China
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Azovpromstal® 13 April 2017 г. 10:31 |
