Copper is trading in a narrow range as a result of the demand uncertainty in China. Copper fell 1% to 68,900 yuan/t on the Shanghai Stock Exchange. According to market representatives, both low copper prices and the recovery of Chinese production activities ahead of the spring season will increase copper demand.
Analysts stated that the supply and demand for steel products in China is returning to its normal course.
On the Shanghai Stock Exchange, rebar 45%, hot rolled coil 21% and wire rod rose 0.04%, while stainless steel fell 2.09%.
Besides, iron ore was traded on the Singapore Stock Exchange, down 28 percent at $126.6/t.
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