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Shanghai copper falls

06 Jul, 2011

The most-active September copper contract on the Shanghai Futures Exchange fell 0.6 percent to 70,330 yuan per tonne on Tuesday, after finishing nearly 1.3 percent higher previously. Chinese media reports about a possible rate rise in China this weekend, as well as a Moody's report saying the scale of problem loans at local governments in China may be much bigger than previously thought, also weighed on risk appetite and supported the dollar.

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