Copper Gains for Third Day on U.S. Service Sector Growth

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Source: Bloomberg
Copper appreciated for a third day on service sector in the U.S., the second largest consumer of copper, expanded more than forecast, increasing demand for the commodity. The contract for Copper delivery in 3 months gained 0.5% and was settled at $7,812.50 a metric ton in London, May-delivery Copper advanced 0.4% to $3.5285 per pound in  New York. According to the U.S. data, ISM non-manufacturing index grew 0.8 percentage points to 56% in February. Copper for June-delivery fell 0.1% and was settled at 6,870 yuan ($9,148) per ton in Shanghai.
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