Positive Chinese Data Pushes Copper up

Bloomberg reported that copper advanced on Monday, pushed up by positive manufacturing data from China.

As quoted in the market report:

Today’s data confirmed market expectations of an improving macro environment in China,” Xu Liping, an analyst at HNA Topwin Futures Co., said from Shanghai. “But given the rising global supply, the copper price will find it difficult to rally much next year.

To view the whole Bloomberg report, click here.