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TMCNet:  Futures market survey: 64 pct bullish about Shanghai copper on Tue.

[December 17, 2012]

Futures market survey: 64 pct bullish about Shanghai copper on Tue.

BEIJING, Dec 17, 2012 (Xinhua via COMTEX) -- About 64 percent futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, are bullish the copper futures traded on the Shanghai Futures Exchange (SHFE) on Tuesday, while 36 percent expect range-bound trading and the rest 20 percent are negative about the commodity The SHFE benchmark copper contract, for March delivery, opened 90 yuan higher at 58,000 yuan/t on Tuesday morning.
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Futures experts here include futures brokers, research institutions and other market observers.

The futures brokers that are bullish about Shanghai copper include West Futures, Dahua Futures, Yide Futures, Yong'an Futures, Hehe Futures, Shenhua Futures and Maike Futures.

The futures brokers that are bearish about Shanghai copper include Zhaojin Futures, Honghai Futures, Hongyuan Futures and Donghai Futures. (Edited by Wang Li, wangle1@xinhua.org)

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