Thanks , follow the money my friend ...and the bull copper run...

Thanks , follow the money my friend ...and the bull copper run ...not long 3.50 soon ...follow sprott and the second largest copper company (HCH) by metal in asx ....market hasn't discovered it yet ...sleeping

METALS-Copper nears three-year top on rosier China economy
16/10/17 16:45

1. 
   A port worker checks a shipment of copper that is to be exported to Asia in Valparaiso port,Chile August 21, 2006.
   (Adds comment, detail, updates prices)
   
   London copper prices rose to near three-year highs on Monday, underpinned by improving manufacturing profits in China that pointed to a robust economy in the world's top user of metals.
   
   China's producer price inflation unexpectedly accelerated to a six-month high in September as a construction boom shows no signs of abating and as a government crackdown on air pollution triggers fears of winter shortages and frenzied jumps in commodity prices.
   
   The inflation reading followed data showing China's copper imports surged in September, fuelling optimism about demand, said analyst Helen Lau of broker Argonaut Securities in Hong Kong.
   
   "Based on these quite solid fundamentals, people will react very positively to any newsflow on copper."
   
   FUNDAMENTALS
   
   • LME COPPER: London Metal Exchange copper CMCU3 rallied by 0.8 percent to $6,941 by 0521 GMT, after closing little changed in the previous session. Prices earlier struck their loftiest in a month at $6,955.50, closing in on a three-year top of $6,970 a tonne hit on Sept 5.
   • SHFE COPPER: Shanghai Futures Exchange copper SCFcv1 struck a 4-1/2-year high at 54,040 yuan ($8,218), before moderating back to 54,020 a tonne, up 1.1 percent.
   • CHINA COPPER: China's unwrought copper imports surged by 26.5 percent in September from a year ago, customs data showed on Friday, but remained on course for an annual drop in 2017.
   • CHINA ECONOMY: China's economy is expected to grow 7 percent in the second half of this year, the country's central bank governor said, defying economists' expectations for a slowdown.
   • OIL: Supporting oil prices, Iraqi forces began moving at midnight on Sunday towards oil fields held by Kurdish Peshmerga fighters near the oil-rich city of Kirkuk. [O/R]
   • ALUMINIUM: The Chinese city of Binzhou, home to top global aluminium producer China Hongqiao Group <1378.HK>, has ordered the closure of around 2.57 million tonnes of smelting capacity this winter, according to Reuters calculations based on government document.
   • COPPER, ALUMINIUM: In a potential boost to U.S. copper and aluminium demand, the Trump administration is requiring the use of North American-made steel, aluminium, copper and plastic resins in cars and trucks sold under North American Free Trade Agreement rules.
   • COPPER INVESTORS: Hedge funds and money managers raised their net long positions in copper futures and options for the first time in five weeks, in the week to Oct. 10, U.S. Commodity Futures Trading Commission data showed on Friday.
   • COMING UP: China is in the midst of publishing September data, culminating in its third-quarter gross domestic product number on Thursday. The twice-in-a-decade Communist Party congress will begin on Wednesday where President Xi Jinping is expected to strengthen his grip on power in a major party leadership reshuffle.
     PRICES BASE METALS PRICES 0521 GMT Three month LME copper CMCU3 6941 Most active ShFE copper SCFcv1 54010 Three month LME aluminium CMAL3 2145 Most active ShFE SAFcv1 16535 aluminium Three month LME zinc CMZN3 3253.5 Most active ShFE zinc SZNcv1 26010 Three month LME lead CMPB3 2555.5 Most active ShFE lead SPBcv1 20575 Three month LME nickel CMNI3 11655 Most active ShFE nickel SNIcv1 93060 Three month LME tin CMSN3 20760 Most active ShFE tin SSNcv1 147540 BASE METALS ARBITRAGE LME/SHFE COPPER LMESHFCUc3 576.17 LME/SHFE ALUMINIUM LMESHFALc3 107.6 LME/SHFE ZINC LMESHFZNc3 491.96 LME/SHFE LEAD LMESHFPBc3 -167.05 LME/SHFE NICKEL LMESHFNIc3 2176.48