Copper rose on Friday, boosted by tighter Chinese physical
supply and on improving sentiment and risk appetite after German Chancellor
Angela Merkel's public support for the European Central Bank's efforts to fight
the euro zone debt crisis. Chinese physical copper is trading at a 350-400 yuan
premium to futures prices, lifted by bargain-hunting and tighter scrap supply,
said state-backed metals research unit Minmetals Futures in Friday's note.
The most active December copper contract on the Shanghai Futures Exchange closed the session 0.8 percent higher at 54,660 yuan ($8,600) per tonne and ended the week up 0.1 percent.
The most active December copper contract on the Shanghai Futures Exchange closed the session 0.8 percent higher at 54,660 yuan ($8,600) per tonne and ended the week up 0.1 percent.
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