Shanghai copper up

The most-traded copper contract on the Shanghai Futures Exchange edged up 0.4 percent to 46360 yuan ($7,491) a tonne on Friday but worse-than-expected Chinese industrial output data reinforced the case for further stimulus, stemming losses. "Weak oil prices are probably starting to have an impact," said analyst Daniel Hynes of ANZ in Sydney. "I suspect there may be some fears of some of China's excess zinc capacity being reinvigorated with this weaker oil market," Hynes said, adding that ANZ still expects to see the market in deficit next year.