LME Copper Prices Rose 0.2 Percent In Absence Of Major Economic Data

On Monday, LME Copper prices rose 0.2 percent in absence of major economic data and Chinese markets on the eve of Golden week holiday.

Last week, LME Copper prices surged 0.7 percent to close at $6493/t as National Bureau of Statistics said that the profits of China's industrial firms registered the fastest growth in four years in August buoyed by rising product prices and falling costs.

Also, decline in LME stocks for seven consecutive sessions pushed the inventories lower by around 5 percent with most withdrawals at South Korean warehouses.

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