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TMCNet:  Futures market survey: 80 pct bearish about Shanghai copper on Thu.

[February 20, 2013]

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, hupingchao@xinhua.org)

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