According to foreign news on January 14, most of the basic metals in London and Shanghai markets were flat on Monday. Investors were waiting for trade data from China, the major metal consumer, and the dollar was stable.
China will release December trade data later Monday.
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Three-month copper on the London Metal Exchange (LME) rose $24 or 0.4% to $5,966 a tonne at 10:00 Beijing time.
The main contract of Shanghai Copper fell 10 yuan or 0.02% to 47,170 yuan per ton in March.
In an interview, Zhong Shan, Minister of Commerce, was quoted in a press release on the website of the Ministry of Commerce of China as saying that in 2019, the Ministry of Commerce will continue to implement the plan of action to promote foreign investment and strive to “stabilize foreign investment”. First, it will relax market access, continue to reduce the “negative list” of the national version and the FTA pilot area, and allow more areas to operate solely. We will promote comprehensive pilot projects to expand the opening up of service industries.
In other market news, Asian stock markets were close to a one-and-a-half-month high on Monday, with investors closely following China’s forthcoming trade data as more and more signs emerged that China’s slowdown was slowing down global economic growth.
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