Mkt Talk: Shanghai copper futures end lower Thu. for 3rd consecutive session
BEIJING, Sep 05, 2013 (Xinhua via COMTEX) --
Copper futures traded on the Shanghai
Futures Exchange (SHFE) settled lower for the third consecutive
trading day on Thursday.
The most active copper contract for December delivery moved in a
narrow range at the negative territory throughout Thursday and closed
0.92 percent lower at 51,670 yuan/mtric ton (tonne).
Strong greenback weighed on the prices of commodities. Meanwhile,
investors were cautious about the trading before the U.S. non-farm
payrolls data due to be released on Friday, said analysts.
Copper traded at the Changjiang Nonferrous Metal Market, a major
spot metals market in Shanghai, was quoted at 52,050-52,300
yuan/tonne on Thursday, down 475 yuan from the previous trading day.
Other SHFE metals also closed down on Thursday with the most
active aluminum, zinc and lead contracts down 0.63 percent, 0.84
percent and 0.31 percent, respectively. (Edited by Hu Pingchao,
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