Shanghai copper edged up on Friday while London prices slipped, as concerns over the prospects for the global economy continued to dominate sentiment, with prices expected to remain stuck in tight ranges. Shanghai's benchmark third-month copper futures contract closed up 0.5 percent to 53,120 yuan a tonne, down 1.1 percent from a week earlier. Prices have been moving in a range of barely 1,400 yuan in the past week.
Shanghai copper stood at a premium of 242 yuan over LME copper.
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