Shanghai copper down

17 Nov, 2012

The most-traded February copper contract on the Shanghai Futures Exchange finished down at 55,740 yuan ($8,900) a tonne on Friday as signs that top consumer China's slide in economic growth has bottomed out helped to firm sentiment towards base metals. "The lows around $7,500 that we've seen ... probably represent the extent of the downside," said Nick Trevethan, a senior commodity strategist at ANZ in Singapore.

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