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TMCNet:  Futures market survey: 40 pct bullish about Shanghai copper on Wed.

[February 26, 2013]

Futures market survey: 40 pct bullish about Shanghai copper on Wed.

BEIJING, Feb 26, 2013 (Xinhua via COMTEX) -- About 40 percent futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, are bullish about the copper futures traded on the Shanghai Futures Exchange (SHFE) on Wednesday, while 40 percent expect range-bound trading and the rest 20 percent are negative about the commodity.


The SHFE benchmark copper contract, for May delivery, opened 200 yuan higher at 57,510 yuan/t on Wednesday morning.

Futures experts here include futures brokers, research institutions and other market observers.

The futures brokers that are bearish about Shanghai copper include New Era Futures and Galaxy Futures.

The futures brokers that expect range-bound trading of Shanghai copper include HNA Futures and Sinosteel Futures.

The futures brokers that are bearish about Shanghai copper include Shanli Futures.

(Edited by Wang Li, wangle1@xinhua.org)

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