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 0.27% at Rs 1,378.55 as a stronger US dollar, bolstered by better-than-expected employment data, heightened expectations of tighter monetary policy, and concerns over demand exerted downward pressure on prices. US nonfarm payrolls increased by 162,000 in August, following a revised rise of 23,000 in July, markedly surpassing projections of a 56,000 Read More
Copper settled 0.09% lower at Rs 1,384.15 as a significant increase in exchange inventories alleviated worries regarding immediate supply constraints, while the growing availability exerted downward pressure on prices. LME-monitored inventories were recorded at 238,575 tonnes on August 20, reflecting an increase of approximately 16% from the lows observed in February. In contrast, SHFE stocks Read More
Copper settled 0.18% higher at Rs 1,378.3, buoyed by diminishing inventories and a constricting supply landscape beyond the borders of the United States. LME copper inventories decreased to 204,975 tonnes, reflecting a 48% decline since late May. Concurrently, the cash premium over three-month futures increased to $256.50 per tonne, marking the highest level since June 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 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
