XM does not provide services to residents of the United States of America.

Copper prices rise on China demand hope



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>METALS-Copper prices rise on China demand hope</title></head><body>

Updates prices as on 0718 GMT

Dec 8 (Reuters) -Copper prices advanced on Friday, buoyed by expectations of improving demand from top metals consumer China after the country's exports data showed signs of recovery.

Three-month copper on the London Metal Exchange CMCU3 was up 0.2% at $8,361.50 per metric ton by 0718 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange SCFcv1 increased 0.6% to 68,000 yuan ($9,499.06) a ton.

Copper is often used as a gauge of global economic health due to its wide application in many industries.

China's exports grew for the first time in six months in November and its copper imports climbed 10.1% from the prior month to the highest in almost two years.

"This could indicate that the weakness in external driven demand for the country's products is nearing its end," said ANZ analysts in a note.

"Its economy appears to be using increasingly large amounts of commodities, with imports rising strongly across the board."

The premium to import copper into China SMM-CUYP-CN hovered around a one-year high level at $112.50 a ton.

However, on a weekly basis, LME copper is set for the first fall in four as a stronger dollar made greenback-priced metals more expensive to holders of other currencies.

Both LME aluminium CMAL3 and LME zinc CMZN3 were on track for the biggest weekly decline since Oct. 6.

LME tin CMSN3 is set for the biggest weekly gain since July 7, up 3.1%.

SHFE aluminium SAFcv1 rose 0.3% to 18,490 yuan, nickel SNIcv1 climbed 3.4% to 133,820 yuan, zinc SZNcv1 advanced 0.8% to 20,725 yuan, tin SSNcv1 was nearly flat at 207,050 yuan, while lead SPBcv1 shed 0.7% to 15,410 yuan.

LME aluminium increased 1.1% to $2,155.50 a ton, nickel CMNI3 rose 1.7% to $16,795, zinc climbed 0.7% to $2,423.50, lead CMPB3 advanced 0.4% to $2,025 and tin edged down 0.8% at $24,485.

For the top stories in metals and other news, click

TOP/MTL or MET/L


($1 = 7.1586 yuan)



Reporting by Mai Nguyen in Hanoi; Editing by Sherry Jacob-Phillips, Sohini Goswami and Rashmi Aich

 For related news and prices, click on the codes in brackets: LME price overview RING= COMEX copper futures 0#HG: All metals news MTL All commodities news C 
Foreign exchange rates FX=SPEED GUIDES LME/INDEX
</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.