Tag Archives: Copper
Copper prices still on the lows with weak demand in China
Key Points: In the early Asian session, copper (Symbol: Copper-C) prices consolidate at lows with slight uptick in smaller timeframes. While production remains high in China, demand is still weak. The official manufacturing PMI for China in June suggested a contraction in activity, which further dampened copper demand. Picture: Copper prices remain suppressed, asContinue Reading
Copper prices slip as the US dollar gains strength
Copper prices dipped with a stronger dollar but are set for the first weekly gain in five weeks. Increased physical demand offers support as markets stabilise.
Copper prices see slight decline with weaker base metals market and firmer US dollar
Key points: On Tuesday, prices of copper (Symbol: COPPER-C) fell from their record high in a broadly weaker base metals market. The three-month copper on the London Metal Exchange (LME) eased 0.8% to $4.90 per pound. Similarly, the most-traded July copper contract on the Shanghai Futures Exchange (SHFE) edged down 0.4% to $5.42 per pound. Continue Reading
Shanghai copper falls on first trading session after holiday
Key points: Shanghai copper prices fell on Monday tracking losses in London, amid a firmer dollar and a lack of clear demand improvement from the troubled Chinese property market. Picture: Copper prices see a decline on VT Markets app. Post-holiday copper prices dip In the first trading session after the holiday, the most-traded June copperContinue Reading
London Metal Prices See Gain; Softer Dollar More Attractive
2nd May 2024 – In this latest trading session, non-ferrous metals on the London Metal Exchange witnessed varying degrees of price increases, primarily driven by a dip in the U.S. dollar. This depreciation has made metals priced in dollars more affordable for holders of other currencies. Copper, a major indicator of economic health, rose byContinue Reading
Copper Approaches $10,000 per Ton, Attracts More Investors
Copper prices have been inching closer to the $10,000 per metric ton mark, reflecting a broader uptrend among base metals driven by increasing investment flows. On the London Metal Exchange (LME), the price for three-month copper reached $9,965.50 per ton, showing a 1% increase, while the Shanghai Futures Exchange (SHFE) reported a 1.5% rise inContinue Reading
