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TMCNet:  Futures market survey: 80 pct bullish about Shanghai copper on Wed.

[February 05, 2013]

Futures market survey: 80 pct bullish about Shanghai copper on Wed.

BEIJING, Feb 05, 2013 (Xinhua via COMTEX) -- About 80 percent futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, are bullish about copper futures traded on the Shanghai Futures Exchange (SHFE) on Wednesday, while 20 percent are bearish about the commodity.


Benchmark copper contract, for May delivery, opened flat at 59,850 yuan/tonne Wednesday.

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

The futures brokers that are bullish about Shanghai copper include Ningbo Shanli Futures, Galaxy Futures, Essence Futures and Shenhua Futures.

The research institutions that are bearish about Shanghai copper include Creator Information Technologies Co.

(Edited by Liu Xiaoyun, liuxy08@xinhua.org)

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