COPPER: CONSOLIDATE STRATEGY BUY ON DIPR2-426 R1-422 S1-410 S2-404
Copper rose, underpinned by seasonal buying interest in China, but trading volumes were light due to a holiday in China.
The official China manufacturing PMI for May advanced at its fastest pace this year to 50.8, indicating continued improvement of manufacturing sector.
PBOC and China Banking Regulatory Commission held a meeting to arrange RRR cuts for qualified rural banks, shoring up market confidence.
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