香港作业指导Copper, commodities up as inflation eases -铜、商品为通货膨胀消失
The most active copper contract on the Shanghai Futures Exchange (SHFE) firmed 1 percent to settle at 55,350 ($8,672.85) per ton. The contract rose steadily over the last five days to settle 3.5 percent higher for the week.
The benchmark three-month copper contract on the London Metal Exchange (LME) was trading at $7,496.20 per ton when the SHFE closed Friday, up 2.1 percent. The contract was up 2.5 percent since Monday at 3 pm Beijing Time. China's CPI increase by 6.1 percent in September, still high, but within the market's expectation, said Jia Zheng, an industrial metals analyst for Shanghai East Asia. The fact that inflation eased from 6.2 percent in August has given some in the market the hope that the central government may ease monetary policy, which could spur metals demand. Copper on the Changjiang Nonferrous Metals Trading Market, a major spot metals market in hongkong, traded Friday at an average price of 55,425 yuan per ton, up 250 yuan from the previous day. On the whole, industrial metals were mixed. The December SHFE zinc contract gained 0.4 percent to settle at 15,230 yuan per ton. November lead rose 0.2 percent to settle at 14,965 yuan per ton. December aluminum edged down 0.2 percent to settle at 16,650 yuan per ton. |