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There is more fundamental support to be long, considering the tightness of the market.

The increase may seem small but the fact that imports rose despite the high prices and a jump in domestic production showed that China's consumption grew well.

Most traders are expecting that the bull-run in the market is unchanged. But with prices at these higher levels, and now that stability has returned after the recent volatility, traders are taking a more wait-and-see approach.

Funds are viewing commodities such as oil and metals as investment tools, so these prices are likely to keep rising. Copper prices show no signs of retreating.

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