Copper prices increased by 1.44%, closing at Rs 1,210.15, primarily driven by a significant decline in inventories at the Shanghai Futures Exchange, which decreased by 11.5% over the past week. The downturn in equities suggests a strengthening of near-term demand, despite the prevailing caution in global markets. Market participants are meticulously observing the dynamics of Read More
Copper prices experienced a decline yesterday, closing down by 1.29% at Rs 1285.65, influenced by indications of weakening demand from the leading consumer, China. The Yangshan import premium, an important indicator of Chinese consumption, has decreased by 50% over the last month, reaching its lowest point since mid-2024. Concurrently, inventories in Shanghai Futures Exchange warehouses Read More
Copper prices increased by 1.18% to close at Rs 1,109.7, buoyed by positive sentiment regarding China’s dedication to an active fiscal policy in the coming year and the U.S. Federal Reserve’s recent interest rate reduction and expansion of its balance sheet. China’s official Xinhua news agency has indicated that policymakers are set to sustain fiscal Read More
