The most-traded April copper contract on the Shanghai Futures Exchange rose 2.27 percent to 61,390 yuan a tonne on Wednesday. Chinese imports of refined copper rose 18.3 percent in December on the month to a record high due to improved arbitrage and increased use of copper for financing purposes, but inflows fell 3 percent in 2011 from 2010 on low imports in the first half.
Cash LME traded at a -$276 price differential against Shanghai front month contract, on Wednesday from -$479 the day before.
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