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Futures market survey: 40 pct bullish about Shanghai copper on Mon.
BEIJING, Mar 10, 2013 (Xinhua via COMTEX) --
About 40 percent futures exp
erts surveyed by the China Finance Corporation, a financial informatio
n provider run by Xinhua News Agency, are bullish about copper futures
traded on the Shanghai Futures Exchange (SHFE) on Monday, while 40 pe
rcent expect range-bound trading and the rest 20 percent are bearish a
bout the commodity.
Benchmark copper contract, for June delivery, opened down 0.49
percent at 56,470 yuan/t on Monday morning.
Futures experts here include futures brokers, research in
stitutions and other market observers.
The futures brokers that are bullish about Shanghai copper inclu
de China Futures and Founder Futures.
The futures brokers that expect range-bound trading of Shanghai
copper include Hehe Futures and Jintai Futures.
The futures brokers that are bearish about Shanghai copper inclu
de First Futures.(Edited by Hu Pingchao, hupingchao@xinhua.org)
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