Futures market survey: 80 pct bearish about Shanghai copper on Thu.
BEIJING, Feb 20, 2013 (Xinhua via COMTEX) --
About 80 percent futures exp
erts surveyed by the China Finance Corporation, a financial informatio
n provider run by Xinhua News Agency, are bearish about copper futures
traded on the Shanghai Futures Exchange (SHFE) on Thursday, while 20
percent expect range-bound trading of the commodity.
Benchmark copper contract, for May delivery, opened down 1.18 p
ercent at 58,010 yuan/t on Thursday morning.
Futures experts here include futures brokers, research in
stitutions and other market observers.
The futures brokers that expect range-bound trading of Shanghai
copper include China Futures.
The futures brokers that are bearish about Shanghai copper incl
ude Shanli Futures, ITG Futures, Hehe Futures and Zheshang Futures. (
Edited by Hu Pingchao, email@example.com)
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