MTECHTIPS COPPER

MTECHTIPS:-COPPER

Copper in Shanghai declined on speculation that Chinese leaders’ tolerance for a slower growth rate will curb demand growth at the largest user. Metal for delivery in September fell as much as 1.3 % to 52,230 yuan ($8,523) a metric ton on the Shanghai Futures Exchange and was at 52,560 yuan. Net-short positions, held by funds fell to 9,033 futures and options contracts as of May 21 from 13,115 a week earlier, according to the U.S. CFTC. Outlook :Copper is expected to trade with negative bias on account of china concerns and no positive triggers for the metal.