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Shanghai copper retreats on weak China demand, strong US dollar
Shanghai copper slipped on Wednesday, retreating from gains seen in the previous session, as trader optimism lost steam due to weak Chinese demand from high prices and a stronger dollar. The most active copper contract on Shanghai Futures Exchange was down 0.63% at 84,990 yuan ($11,931.77) per metric ton, as of 0302 GMT. This snaps two consecutive sessions of gains, which were supported by China’s strong industrial production and fresh attempts to ease Sino-US trade tensions. The benchmark three-month copper future dipped 0.15% to $10,608 a ton. There’s low acceptance for high prices among downstream buyers, ... (full story)
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