Copper settled 1.87% higher at Rs 1,412.60 as the market maintained its attention on tightening supply outside the United States and robust metal flows into U.S. warehouses. COMEX copper inventories reached an unprecedented level of 766,795 short tonnes, which translates to 695,624 metric tonnes, underscoring a notable increase in stockpiles within the United States. In Read More
Copper settled lower by 0.76% at Rs 1,365.5, influenced by a 1.1% increase in Shanghai Futures Exchange warehouse inventories and a decline in Chinese manufacturing activity. China’s July manufacturing activity has decelerated to a four-month low, as the Politburo indicated a preference for existing policy measures over broad-based stimulus. This development has heightened concerns regarding 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 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
