Shanghai copper slips

07 Jun, 2013

The most-traded October copper contract on the Shanghai Futures Exchange dropped by 0.77 percent to close at 52,900 yuan ($8,600) a tonne. "We are looking for disappointment on the jobs figures but that doesn't mean we should expect to see weakness in metals," said analyst Dominic Schnider of UBS Wealth Management in Singapore. "We have got the supply disappointments, we see Chinese demand picking up and with the dollar maybe getting hit you don't want to be short copper," he added.

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