The most-traded copper contract on the Shanghai Futures Exchange gained 0.6 percent to 46,690 yuan a tonne on Friday recouping last session's decline which was driven by disappointment over China's stimulus measures. Still, analysts said the gain in prices may not be sustainable, giving the slowing growth in China.
"The market needs to get itself around the fact that why would China want to see prices go up," said Jonathan Barratt, chief executive of Sydney-based commodities firm Barratt's Bulletin. "At the end of the day cheaper price is far better for China's infrastructure demand."
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