(Bloomberg) -- Copper futures in Shanghai rose the first day in five, as investors speculated that selling triggered by concern about growing stockpiles in China, the world's biggest consumer of the metal, may have been overdone.
China's imports of copper and products rose 61 percent to 1.1 million metric tons in the first four months of this year, compared with a year ago, customs data showed yesterday. Shanghai Futures Exchange stockpiles of copper jumped 26 percent to 85,269 tons last week, the highest in three years, from levels reported on April 27 before the week-long Labor Day holiday.
Read more at Bloomberg Commodities News
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