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TMCNet:  Futures market survey: 60 pct expect range trading of Shanghai copper on Thu.

[November 21, 2012]

Futures market survey: 60 pct expect range trading of Shanghai copper on Thu.

BEIJING, Nov 21, 2012 (Xinhua via COMTEX) -- About 60 percent futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, expect range-bound trading of the copper futures traded on the Shanghai Futures Exchange (SHFE) on Thursday, while 20 percent are bullish and the rest 20 percent are negative about the commodity The SHFE benchmark copper contract, for February delivery, opened 30 yuan higher at 56,100 yuan/t on Thursday morning.
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Futures experts here include futures brokers, research institutions and other market observers.

The futures brokers that expect range trading of Shanghai copper include New Era Futures, Creator Futures and Zhaojin Futures.

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

The futures brokers that are bearish about Shanghai copper include Zheshang Futures.

(Edited by Wang Li, wangle1@xinhua.org)

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