MARKET TALK: China Copper Futures Up; Stocks May Rise Again

Copper futures traded on Shanghai Futures Exchange higher, "as LME 3-month copper looks quite strong overnight, given the rise in exchange stocks, and the favorable U.S. GDP data also lends support", says Shanghai-based trader. Adds SHFE prices likely to continue to hover around CNY62,000-CNY63,000 next week, amid divergent market opinions; exchange stocks likely to see another rise later today. Benchmark June contract at CNY62,610/ton, +CNY800. LME 3-month at $6,800/ton, +$45 vs PM kerb.