Copper settled 1.24% lower at Rs. 1,351.15, as profit booking emerged following a recent rally driven by improving macroeconomic sentiment after the US midterm elections. In China, the Yangshan copper import premium has surged to $205 per tonne, marking its highest level in 12 years, which suggests a heightened demand for imported metal. However, apprehensions Read More
Copper settled 1.91% lower at Rs. 1,365.40, as a decline in risk appetite, driven by renewed concerns over artificial intelligence spending and uncertainty surrounding tensions in the Middle East, exerted downward pressure on industrial metals. Sentiment was further influenced by China’s decision to increase the foreign exchange reserve requirement ratio for financial institutions by 2 Read More
Copper settled higher by 0.88% at Rs 1,405.35, buoyed by enhancing sentiment surrounding artificial intelligence stocks and robust demand from China, although a stronger currency limited the extent of gains. China’s Yangshan copper import premium has reached a significant level, climbing to almost a 13-year high of $188 per tonne. This surge underscores robust demand Read More
Copper settled 0.43% higher at Rs. 1,398.65, buoyed by increasing US inventories and an optimistic price outlook from Goldman Sachs, which elevated its end-2026 copper price forecast to $14,700 per tonne and its 2027 average forecast to $15,400 per tonne. The bank anticipates that the copper market will experience deficits of 950,000 tonnes outside the Read More
Copper settled 0.37% lower at Rs. 1,398.80 amid profit booking, diminished concerns regarding mine supply disruptions, a downturn in artificial intelligence stocks, and renewed inflation worries that heightened the probability of additional US interest rate hikes. In September, there was an acceleration in US consumer prices, which negatively impacted sentiment surrounding industrial metals. Conversely, a Read More
Copper settled down 0.19% at Rs 1,424.45, influenced by a robust US dollar trading near its highest level since April 2025, amid rising geopolitical tensions in the Middle East and a cautious stance ahead of significant US inflation data. However, losses were constrained by apprehensions regarding potential mine supply disruptions, positive demand indicators emerging from Read More
While trade remained muted ahead of the week-long holiday in China, copper finished slightly down by 0.02% at Rs 1,401.65 as increased Chinese industrial activity offered support. China’s official manufacturing PMI increased to 50.1 in September from 49.8 in August, indicating a return to expansion territory. Meanwhile, the private RatingDog survey revealed even stronger momentum, Read More
Copper settled 0.99% lower at Rs 1,405.25, influenced by weak economic data from China, rising oil prices, and a stronger US dollar, which collectively dampened demand prospects. China’s industrial profit growth experienced a further deceleration in August, as advancements in technology manufacturing associated with the AI boom were counterbalanced by ongoing weak domestic demand. Increased Read More
Copper prices concluded the trading session with a decline of 0.59%, settling at Rs 1,406.75. This downturn was influenced by a robust dollar and profit-taking activities following recent upward movements. Comex copper inventories have begun to show slight daily inflows, while the premium of US copper futures relative to LME prices has risen following a Read More
Copper prices settled up 0.67% at Rs 1412.45, driven by expectations of a seasonal increase in Chinese demand that bolstered speculative buying. Traders are closely monitoring the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping, seeking clarity on potential refined copper tariffs. Anticipations regarding inventory replenishment in China in advance of Read More
Copper settled 0.64% higher at Rs 1,374.35, buoyed by indications of robust demand from China, the leading global consumer. However, traders exhibited caution in anticipation of the US Federal Reserve’s interest-rate decision. Chinese buyers have capitalised on the recent price decline to restock inventories, resulting in a 7% increase in the Yangshan copper premium to Read More
Copper prices concluded the trading session with a decline of 1.3%, settling at Rs 1,360.45. This downturn was influenced by prevailing uncertainty regarding potential U.S. tariffs on refined copper imports and the consequent effects on inventory flows. The White House remains undecided on tariffs, as officials evaluate the implications of increased manufacturing costs in relation Read More
Copper fell 1.24% to Rs 1,372.4 as industrial metals were impacted by a worldwide bond selloff, a stronger U.S. currency, and rising tensions in the Middle East. Hawkish comments from U.S. Federal Reserve Chairman Kevin Warsh at the Jackson Hole symposium intensified pressure, as he suggested that the Fed might need to increase interest rates Read More
Copper settled marginally lower by 0.22% at Rs 1,391.35 as profit booking emerged following Federal Reserve Chair Kevin Warsh’s more hawkish tone, which bolstered expectations of a potential rate hike next month and exerted pressure on risk-sensitive industrial metals. However, the downside remained constrained as the tightening of exchange inventories heightened concerns regarding the near-term Read More
Copper prices concluded the trading session with a decline of 0.47%, settling at Rs 1,391. This downturn was primarily driven by a stronger dollar and a prevailing weaker macroeconomic sentiment, which overshadowed the renewed apprehensions regarding tightening availability on the LME. Uncertainty regarding potential US tariffs on refined copper imports has prompted notable stock fluctuations Read More
Copper prices concluded the trading session with a 0.16% increase, reaching Rs 1,379.15. This uptick was bolstered by expectations of tightening global supply and apprehensions regarding limited mine output. Potential U.S. import tariffs persisted in redirecting copper toward American warehouses, while the Democratic Republic of Congo’s copper concentrate export ban contributed to supply concerns. LME Read More
Copper prices settled 0.12% lower at Rs 1,322.8 as investors exhibited caution in anticipation of the US Federal Reserve’s policy decision. Additionally, indications of alleviating supply tightness in China contributed to the prevailing market sentiment. The Yangshan copper premium held firm at $112 per tonne, a slight decrease from the previous week’s $115, which marked Read More
Copper prices decreased by 0.27%, closing at Rs 1,336.7, as profit-taking occurred following recent increases attributed to tightening global supplies and robust demand from China. Despite the minor correction, broader market sentiment remained bolstered by declining exchange inventories and improving physical demand in China. Traders exhibited a degree of caution as they awaited further clarity Read More
Copper prices fell by 0.47%, closing at Rs 1,302.35, influenced by widespread selling in industrial metals amid rising tensions between the United States and Iran, which dampened investor appetite for risk assets. Market sentiment experienced pressure from disappointing economic data out of China, although supply disruptions in Chile mitigated the extent of the decline. China’s Read More
Copper prices concluded the session with a slight decline of 0.01%, settling at Rs 1,311.75, as investors weighed the impact of lacklustre macroeconomic indicators from China against the backdrop of milder inflation figures from the United States. China’s economic growth has decelerated to a three-and-a-half-year low, falling short of market expectations as subdued domestic demand Read More
