Copper prices experienced significant downward pressure, declining by 2% to close at Rs 1153, influenced by increasing inventories and overarching macroeconomic concerns that dampened market sentiment. Stocks in LME warehouses increased to 334,100 tons, marking the highest level since August 2019, indicative of a robust near-term supply situation. The widening discount between the cash contract Read More
Copper increased by 1.25% to close at Rs 1,222.35, driven by a positive shift in demand sentiment that overshadowed worries regarding escalating exchange inventories. Optimism regarding future consumption contributed to an increase in prices, despite stocks in Shanghai Futures Exchange warehouses rising to 391,529 tons—the highest level since March 2016—signifying the 11th consecutive weekly increase Read More
Copper increased by 0.68% to close at Rs 1,168.15, as investors capitalized on the dip amid thin trading conditions. Nonetheless, the overall supply landscape continues to appear adequate. Inventories in London Metal Exchange warehouses have experienced an uninterrupted increase for 26 consecutive sessions, reaching an 11-month peak. Additionally, the total stockpiles across Shanghai, London, and Read More
