Futures market survey: 60 pct bearish about Shanghai copper on Wed.
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[February 14, 2012]

Futures market survey: 60 pct bearish about Shanghai copper on Wed.

BEIJING, Feb 14, 2012 (Xinhua via COMTEX) -- About 60 percent futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, are negative about the copper futures traded on the Shanghai Futures Exchange (SHFE) on Wednesday, while 20 percent are bullish and the rest 20 percent expect range-bound trading of the commodity.


The SHFE benchmark copper contract, for May delivery, opened 10 yuan higher at 60,260 yuan/t on Wednesday morning.

Futures experts here include futures brokers, research institutions and other market observers.


The futures brokers that are bullish about Shanghai copper include Desheng Futures.

The futures brokers that expect range-bound trading of Shanghai copper include Jintai Futures.

The futures brokers that are bearish about Shanghai copper include Anliang Futures, Yide Futures and Donghua Futures. (Edited by Wang Li, wangle1@xinhua.org)

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