Elsewhere in metals trading, copper for May delivery rallied 1.01%, or 3.1 cents, to trade at a seven-week high of $3.090 a pound, amid speculation demand in top consumer China will strengthen in the near-term April and May are seasonally strong months for copper consumption in China amid brisk
6.29 PM Apr 24th
Benchmark three-month copper contract on the LondonMetal Exchange fell to $6,321 per tonne on March 19, thelowest since mid-2010, making imports attractive. Copperprices have since rebounded, trading around $6,640 onWednesday.Adding to the allure was the fall in copper premiums to aone-year low
4.25 PM Apr 24th
Lower availability after the SRB buys, coupled withseasonal demand from end-users, have pushed uppremiums for bonded stocks more than 20 percent to about$110-$130 per tonne this week, from about $70-$90 inend-March, traders in Shanghai said.Bonded copper stocks in Shanghai stand at about650
4.24 PM Apr 24th
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