Shanghai aluminium jumps

Copper prices declined slightly on Tuesday in Shanghai and London, weighed down by a modest rebound in the dollar and lukewarm interest ahead of a week-long holiday in China, but demand prospects are seen to lend support. Benchmark third-month copper futures contract on the Shanghai Futures Exchange closed down 0.4 percent to 60,370 yuan.
Shanghai copper currently stood at a discount of 1,274 yuan to LME copper, discouraging buying interest from China. Shanghai aluminium reached 16,020 yuan, its highest since early May, before ending down 0.3 percent to 15,885 yuan a tonne.