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 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 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 marginally lower by 0.03% at Rs 1,371.7, as increasing LME inventories alleviated supply concerns, counterbalancing the support derived from a significant decline in the dollar. LME copper stocks rose by an additional 12,425 tonnes, reaching a total of 235,975 tonnes. This marks an 11% increase from the previous week; however, it remains 40% 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 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 concluded the trading session with a 1.32% increase, reaching Rs 1,365. This rise was underpinned by a reduction in global inventories and a favourable outlook for near-term supply fundamentals, even as global demand indicators presented a mixed picture. Market sentiment remained positive as declining stocks in warehouses highlighted tightening availability outside the United 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
Copper prices advanced 1.20% to settle at Rs 1,311.9, buoyed by improving demand signals from China, tightening global inventories, and ongoing supply concerns. Geopolitical tensions in the Middle East have positively influenced sentiment, as renewed attacks involving the United States and Iran have intensified concerns regarding potential disruptions to global trade via the Strait of Read More
Copper prices experienced a decline of 0.62%, settling at Rs 1,268.1. This movement can be attributed to the intensification of geopolitical tensions in the Middle East, which in turn bolstered the U.S. dollar and heightened apprehensions regarding global manufacturing activity. Renewed hostilities between the United States and Iran, coupled with stricter limitations on Iranian energy Read More
Copper prices increased by 0.20% to close at Rs 1,287.4, buoyed by constricting global supply dynamics and ongoing reductions in inventory levels at key metal exchanges. However, gains remained constrained as investors exhibited caution regarding the uncertainty surrounding U.S. monetary policy and the potential imposition of import tariffs on refined copper. Market participants remained vigilant Read More
Copper prices increased by 0.15% to close at Rs 1,272.25, bolstered by constrained global supply conditions following a 12.9% year-on-year decline in Chile’s copper production in May, which totalled 423,623 metric tonnes. Additional support stemmed from apprehensions regarding potential US tariffs, which prompted increased shipments into the United States and constrained availability in other regions. Read More
Copper prices concluded the session with a 0.40% increase, reaching Rs 1,266.65. This uptick was bolstered by a reduction in exchange inventories and a more favourable medium-term supply outlook, although the extent of the gains was limited by a reduction in geopolitical tensions. LME copper stocks declined to 339,100 metric tonnes, marking their lowest level Read More
Copper prices concluded the trading session with a 0.44% increase, reaching Rs 1,315.3. This uptick was bolstered by a decline in energy costs and a favourable outlook for global manufacturing demand. The decline in crude oil prices followed encouraging developments in U.S.-Iran negotiations, with both sides signalling progress toward restoring trade and energy flows through Read More
