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Futures market survey: 60 pct bullish about Shanghai copper on Wed.
BEIJING, Jul 03, 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 bullish about copper futures
traded on the Shanghai Futures Exchange (SHFE) on Wednesday, while 40
percent expect range-bound trading and the rest 20 percent are
negative about the commodity.
The SHFE benchmark copper contract, for October delivery,
opened 100 yuan higher at 56,020 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 Shanli Futures, New Era Futures and Donghua Futures.
The futures brokers that expect range trading of Shanghai
copper include West Futures and Shenhua Futures. (Edited by Wang Li,
wangle1@xinhua.org)
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