Shanghai Base Metals Rise But At Slower Pace

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Shanghai Base Metals Rise But At Slower Pace

Base metals on the Shanghai Futures Exchange were risen Wednesday, underpinned by a new record high on the London Metal Exchange, hit during Asia trading.

Supportive factors include  equities markets in the region and a firming euro against the dollar, which made the dollar-denominated metals cheaper for other currency holders.

Immediate cues for participants include Chinese economic data for December due around 0200 GMT Thursday.

The market expects the data to show a smaller rise in the country’s consumer-goods prices.

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