Shanghai copper up

Copper rose on Wednesday, backed by better-than-expected Chinese growth and hopes of further monetary policy easing by the US Federal Reserve. The most-active September copper contract on the Shanghai Futures Exchange jumped nearly 1.9 percent to 72,460 yuan per tonne. China's June refined copper and copper concentrate outputs rose 8.7 percent and 12.7 percent from May, respectively.
Coupled with a rebound in June copper imports and reported declines in Chinese bonded and ShFE warehouses, the data pointed to a steady demand for the metal, traders said.