Copper rises 1.1% on positive Chinese trade dataFriday, May 09,...

Copper rises 1.1% on positive Chinese trade data
Friday, May 09, 2014 by Proactive Investors


China’s copper imports rose 52.5% year on year in April to 450,000 tonnes.
Copper for three-month delivery have closed up 1.1% on the London Metals Exchange to US$6,729 per tonne after China posted unexpected gains in both exports and imports for April.

Notably, China’s copper imports rose 52.5% year on year in April to 450,000 tonnes.

It is the world's largest copper market, taking 40% of the world's imports.

Chinese exports rose 0.9% in April from a year earlier while imports grew 0.8%.

This compares with a 6.6% drop in exports and a 11.3% fall in exports in March.