MYMETAL: Easy money policies strengthen China Cu prices

Prices of copper in China’s futures and spot markets continued increasing over July 6-10 week, given both the growing optimism among financial market participants and the lingering concerns about concentrate supplies, according to Mymetal’s weekly report.
China’s national price of 99.99% copper cathode moved up by Yuan 1,331/tonne ($190/t) on week to Yuan 50,657/t as of July 10, only Yuan 36/t below its 21-month high reached on July 9, Mymetal’s data showed. At the same time, the most-traded copper contract on the Shanghai Futures Exchange for


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