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TMCNet:  Futures market survey: 60 pct bullish about Shanghai copper on Wed.

[December 11, 2012]

Futures market survey: 60 pct bullish about Shanghai copper on Wed.

BEIJING, Dec 11, 2012 (Xinhua via COMTEX) -- About 60 percent futures exp erts surveyed by the China Finance Corporation, a financial informatio n 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 of the commodity.
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Benchmark copper contract, for March delivery, opened 0.09 perc ent higher at 57,960 yuan/t on Wednesday morning.

Futures experts here include futures brokers, research in stitutions and other market observers.

The futures brokers that are bullish about Shanghai copper inclu de New Era Futures, Hongyuan Futures and HNA Futures.

The futures brokers that expect range-bound trading of Shanghai copper include Anxin Futures and Hunan Creator Information Technologie s. (Edited by Hu Pingchao, hupingchao@xinhua.org)

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