TMCnet News
Futures market survey: 60 pct bearish about Shanghai copper on Thu.BEIJING, Nov 09, 2011 (Xinhua via COMTEX) -- About 60 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 40 percent expect range-bound trading of the commodity. Benchmark copper contract, for January delivery, opened 2,360 y uan lower at 55,980 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 Jintai Futures and First Futures. The futures brokers that are bearish about Shanghai copper incl ude Zhongzhou Futures, Dayou Futures and Yong'an Futures. (Edited by Wang Li and Hu Pingchao,[email protected], wang [email protected]) |