{"id":59609,"date":"2026-08-15T10:36:07","date_gmt":"2026-08-15T10:36:07","guid":{"rendered":"https:\/\/www.vtmarkets.com\/en-ca\/uncategorized\/weaker-chinese-yuan-cny-pressures-base-metals-as-high-inventories-weigh-on-copper\/"},"modified":"2026-08-15T10:36:07","modified_gmt":"2026-08-15T10:36:07","slug":"weaker-chinese-yuan-cny-pressures-base-metals-as-high-inventories-weigh-on-copper","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/weaker-chinese-yuan-cny-pressures-base-metals-as-high-inventories-weigh-on-copper\/","title":{"rendered":"Weaker Chinese yuan (CNY) pressures base metals as high inventories weigh on copper\u00a0"},"content":{"rendered":"\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Key points:<\/strong>&nbsp;<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Most base metals fell on Tuesday due to a weaker Chinese yuan (CNY) and high physical inventories.&nbsp;<\/li>\n\n\n\n<li>Copper fell 0.5% to $4.47 per pound.&nbsp;<\/li>\n\n\n\n<li>High inventories and weak demand continued to pressure base metal prices.&nbsp;<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p class=\"wp-block-paragraph\">Base metals experienced declines on Tuesday, driven by a combination of a weaker Chinese yuan (CNY) and high physical inventories. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The depreciation of Chinese yuan against the US dollar reaching its lowest in nearly seven months, reduced the purchasing power of Chinese buyers. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This, coupled with weak demand, exerted pressure on metals like copper. As a result, copper prices (Symbol: COPPER-C) fell 0.5% to $4.47 per pound.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2024\/06\/Image-7-1024x509.png\" alt=\"The chart shows the COPPER-C. trading pair on a 4-hour timeframe, displaying a downtrend of -2.16%. The opening price is 4.5402, the closing price is 4.4423, the highest price is 4.5442, and the lowest price is 4.4353. The chart includes moving averages (MA) and the MACD (12,26,9) indicator.\" class=\"wp-image-13706\" style=\"width:1450px;height:auto\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em>Picture: The decline of copper prices as observed on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a>.\u00a0<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Prices of zinc and lead followed the trend, while tin prices were nearly flat. Conversely, nickel prices rose.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Where is this all coming from<\/strong>&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The weakening of the Chinese yuan has significant implications for the base metals market. A weaker Chinese yuan makes dollar-denominated commodities more expensive for Chinese buyers, which can reduce demand and put downward pressure on prices.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The current scenario mirrors the period post-2014 when the Chinese yuan devaluation led to a significant reduction in commodity purchases from China, impacting global prices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Given the current market dynamics, further depreciation of the Chinese yuan could continue to pressure metal prices unless offset by a significant demand surge or supply constraints.&nbsp;<\/p>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>What traders should pay attention to in June<\/strong>&nbsp;<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">The base metal markets are likely to remain under pressure due to the <a href=\"https:\/\/www.vtmarkets.com\/analysis\/strong-nonfarm-payrolls-report-throws-rate-cut-timeline-of-the-federal-reserve-into-question\/\" target=\"_blank\" rel=\"noreferrer noopener\">strong US dollar<\/a> and <a href=\"https:\/\/x.com\/SeekingAlpha\/status\/742813108922523649\" target=\"_blank\" rel=\"noreferrer noopener\">high physical inventory levels<\/a>. Market participants should monitor currency movements and inventory data closely. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the Chinese yuan continues to weaken and demand remains stagnant, prices could see further declines. However, any signs of tightening supply or policy measures to stimulate demand in China could provide some support to base metal prices.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Create your live VT Markets account<\/strong><\/a><strong> and <\/strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>start trading<\/strong><\/a><strong> now.<\/strong>&nbsp;<\/p>\n\r\n\n\n\n<p class=\"wp-block-paragraph\"><b>Start trading now \u2014 click <a href=\"https:\/\/www.vtmarkets.com\/en-ca\/trade-now\/\">here<\/a> to create your real VT Markets account.<\/b>\n\n<\/p>\n\n<!-- vt-src:13705 -->","protected":false},"excerpt":{"rendered":"<p>Key points:&nbsp; Base metals experienced declines on Tuesday, driven by a combination of a weaker Chinese yuan (CNY) and high physical inventories. The depreciation of Chinese yuan against the US dollar reaching its lowest in nearly seven months, reduced the purchasing power of Chinese buyers. This, coupled with weak demand, exerted pressure on metals like <a href=\"https:\/\/www.vtmarkets.com\/analysis\/weaker-chinese-yuan-cny-pressures-base-metals-as-high-inventories-weigh-on-copper\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-59609","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 5.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Key points: Base metals experienced declines on Tuesday, driven by a combination of a weaker Chinese yuan (CNY) and high physical inventories. The depreciation of Chinese yuan against the US dollar reaching its lowest in nearly seven months, reduced the purchasing power of Chinese buyers. This, coupled with weak demand, exerted pressure on metals like Continue Reading\" \/>\n\t<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/weaker-chinese-yuan-cny-pressures-base-metals-as-high-inventories-weigh-on-copper\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO Pro (AIOSEO) 5.0.1\" \/>\n\n\t\t<script type=\"text\/javascript\"> (function(c,l,a,r,i,t,y){ c[a]=c[a]||function(){(c[a].q=c[a].q||[]).push(arguments)}; t=l.createElement(r);t.async=1;t.src=\"https:\/\/www.clarity.ms\/tag\/\"+i; y=l.getElementsByTagName(r)[0];y.parentNode.insertBefore(t,y); })(window, document, \"clarity\", \"script\", \"hvd42hy9tt\"); <\/script>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"VT Markets -\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Weaker Chinese yuan (CNY) pressures base metals as high inventories weigh on copper - VT Markets\" \/>\n\t\t<meta property=\"og:description\" content=\"Key points: Base metals experienced declines on Tuesday, driven by a combination of a weaker Chinese yuan (CNY) and high physical inventories. 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The depreciation of Chinese yuan against the US dollar reaching its lowest in nearly seven months, reduced the purchasing power of Chinese buyers. 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The depreciation of Chinese yuan against the US dollar reaching its lowest in nearly seven months, reduced the purchasing power of Chinese buyers. This, coupled with weak demand, exerted pressure on metals like Continue Reading","og:url":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/weaker-chinese-yuan-cny-pressures-base-metals-as-high-inventories-weigh-on-copper\/","article:published_time":"2026-08-15T10:36:07+00:00","article:modified_time":"2026-08-15T10:36:07+00:00","article:publisher":"https:\/\/www.facebook.com\/vtmarketsglobal\/","twitter:card":"summary_large_image","twitter:site":"@vtmarketsglobal","twitter:title":"Weaker Chinese yuan (CNY) pressures base metals as high inventories weigh on copper - VT Markets","twitter:description":"Key points: Base metals experienced declines on Tuesday, driven by a combination of a weaker Chinese yuan (CNY) and high physical inventories. The depreciation of Chinese yuan against the US dollar reaching its lowest in nearly seven months, reduced the purchasing power of Chinese buyers. This, coupled with weak demand, exerted pressure on metals like Continue Reading","twitter:creator":"@vtmarketsglobal"},"aioseo_meta_data":{"post_id":"59609","title":null,"description":null,"keywords":null,"keyphrases":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_custom_url":null,"og_image_custom_fields":null,"og_custom_image_width":null,"og_custom_image_height":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema_type":null,"schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"none","tabs":null,"priority":null,"frequency":null,"local_seo":null,"created":"2026-08-15 10:36:08","updated":"2026-08-15 10:36:08"},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.vtmarkets.com\/en-ca\" title=\"Home\">Home<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.vtmarkets.com\/en-ca\/category\/analysis\/\" title=\"Today&apos;s Analysis\">Today's Analysis<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\tWeaker Chinese yuan (CNY) pressures base metals as high inventories weigh on copper \n<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.vtmarkets.com\/en-ca"},{"label":"Today's Analysis","link":"https:\/\/www.vtmarkets.com\/en-ca\/category\/analysis\/"},{"label":"Weaker Chinese yuan (CNY) pressures base metals as high inventories weigh on copper\u00a0","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/weaker-chinese-yuan-cny-pressures-base-metals-as-high-inventories-weigh-on-copper\/"}],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/59609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=59609"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/59609\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=59609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=59609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=59609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}