Hot Commodities: Copper swells 2% in Asia as Chinese market resume operations after Lunar holidays

COMEX Copper futures soared impressively in Asia as Chinese markets resumed operations after the Lunar New Year holidays. The benchmark futures on SHFE soared 1.10% to 101910 RMB per tonne. Chinese equities also soared with the Shanghai Composite index rising around 1%. This propped up the overall mood in metals complex and COMEX Copper futures are currently trading up 2.07% at $5.89 per pound. This is the highest level in near one and half weeks for the counter.

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