Shanghai copper up

The most traded January copper contract on the Shanghai Futures Exchange also cut early losses to trade up 1.1 percent at 52,260 yuan ($8,500) on Monday as market boosted by robust Chinese imports of the metal in September that triggered some chart-based buying, but worries about the United States' fiscal deadlock meant gains were limited.
Copper imports by China, the world's top consumer of the metal, jumped 18 percent in September from August, reversing a fall in August. That triggered a volley of short-covering as prices moved through resistance at $7,200, a trader said.