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London copper set to post biggest weekly rise-2017 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
9/20/2016 有色金属展-铜材展-non-ferrous metals expo |
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London copper edged to a three week peak on last week amid holiday thinned trade, and was set to log its largest weekly rise in two months as China''s economy shows signs of finding its feet.
Encouraging signals out of China''s housing market and indications of a revival in its factory sector over the summer have stoked views that demand is quietly cranking up for the third quarter.
ANZ said in a report that "Copper (has) continued to bask in the afterglow of this week''s better than expected Chinese economic data."
Last week three month copper on the London Metal Exchange was trading little changed from the previous session at USD 4,785 a tonne. Prices earlier touched their highest since August 22 at 4,790.50 a tonne and were shooting for the strongest weekly rally since mid-July at 3.3%.
China''s financial markets are closed for its mid Autumn holiday. They will reopen on Monday.
-2017 China(Guangzhou)Int’l
Non-Ferrous
Metal（Copper）Exhibition
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