Copper yesterday settled lower by 0.3% at Rs 1,304.25 as profit booking emerged following recent gains attributed to easing geopolitical tensions, a weaker U.S. dollar, and improving demand indicators from China. Market sentiment continued to be bolstered following indications from U.S. President Donald Trump regarding the potential for a swift resolution to the U.S.-Iran conflict, Read More
Copper prices decreased by 0.43%, closing at Rs 1,276.75, as new demand worries associated with rising tensions between Iran and the US countered the support from tightening near-term supply indicators. The increase in geopolitical risks has bolstered the US dollar, while simultaneously heightening worries regarding global growth and industrial demand, thereby impacting sentiment in the Read More
Copper prices declined by 0.13% to close at Rs 1,275.3, influenced by signs of an increasing global surplus and prevailing macroeconomic challenges. The appreciation of the dollar, apprehensions regarding global economic expansion, and ongoing geopolitical instability in the Middle East have negatively impacted sentiment, especially in light of weaker demand indicators from China. Data from Read More
Copper prices rose by 0.07% to settle at Rs 1293.35, supported by constricting near-term supply dynamics as global smelters engage in a focused maintenance period during the second quarter. The seasonal disruption, coupled with declining inventories in essential exchanges, has provided fundamental backing to prices. Moreover, the restocking initiatives in China ahead of the Labor Read More
Copper prices experienced a modest decline of 0.34%, concluding at Rs 1,265.05, as market participants exercised caution in anticipation of possible U.S.–Iran peace negotiations and critical indications from the Federal Reserve regarding interest rate adjustments. The Yangshan premium, indicative of China’s import demand, held steady at $69 per ton, suggesting persistent support even as it Read More
Copper prices increased by 0.31% to close at Rs 1,273, primarily driven by apprehensions regarding potential supply disruptions. Shortages of sulphur—an essential input in metal processing—stemming from tensions in the Middle East, have contributed to the prevailing bullish sentiment. Sentiment showed an uptick amid expectations of renewed discussions between the U.S. and Iran, as Donald 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 of 0.17%, concluding at Rs 1,159.55, reflecting a cautious market sentiment influenced by persistent geopolitical tensions and macroeconomic uncertainty. Market participants are attentively monitoring the situation following U.S. President Donald Trump’s ultimatum regarding Iran, as the absence of a definitive timeline for resolution has heightened apprehensions about global economic growth. Read More
Copper prices experienced a modest increase, closing up 1.01% at Rs 1,150.4, as market participants drew some optimism from the prospect of alleviating geopolitical tensions. Sentiment showed signs of improvement following Donald Trump’s extension of the deadline for potential action against Iran, thereby providing additional time for negotiations. Although this offered temporary respite, the overall Read More
Copper prices declined by 0.36% to close at Rs 1,108, influenced by increasing oil prices and persistent tensions in the Middle East, which have heightened concerns regarding inflation and global economic growth. The surge in energy prices has prompted a more prudent approach from central banks, as policymakers indicate that inflationary pressures could postpone or Read More
Copper prices experienced significant downward pressure, declining by 2% to close at Rs 1153, influenced by increasing inventories and overarching macroeconomic concerns that dampened market sentiment. Stocks in LME warehouses increased to 334,100 tons, marking the highest level since August 2019, indicative of a robust near-term supply situation. The widening discount between the cash contract Read More
Copper prices declined by 0.51%, closing at Rs 1,181.35, influenced by a robust U.S. dollar and ongoing inflationary pressures that dampened market sentiment. Heightened oil prices have intensified inflationary pressures, diminishing the likelihood that the U.S. Federal Reserve will initiate interest rate cuts in the near term. Given the prevailing expectation that the Fed will Read More
Copper prices experienced a modest decline in the previous session, closing 0.31% lower at Rs 1,193.45, primarily influenced by increasing inventories on the London Metal Exchange. Stocks in LME warehouses rose by 2,450 tonnes to reach 284,325 tonnes, marking the highest level since October 2024, with significant inflows observed in Singapore and New Orleans. Inventories Read More
Copper increased by 1.25% to close at Rs 1,222.35, driven by a positive shift in demand sentiment that overshadowed worries regarding escalating exchange inventories. Optimism regarding future consumption contributed to an increase in prices, despite stocks in Shanghai Futures Exchange warehouses rising to 391,529 tons—the highest level since March 2016—signifying the 11th consecutive weekly increase Read More
Copper increased by 0.15% to close at Rs 1199.1, buoyed by a resurgence in buying interest as traders in mainland China resumed activities following the extended Lunar New Year holiday. Nonetheless, gains were limited due to renewed trade uncertainty following the U.S. Supreme Court’s decision to invalidate President Trump’s emergency tariffs, which led him to Read More
Copper increased by 0.68% to close at Rs 1,168.15, as investors capitalized on the dip amid thin trading conditions. Nonetheless, the overall supply landscape continues to appear adequate. Inventories in London Metal Exchange warehouses have experienced an uninterrupted increase for 26 consecutive sessions, reaching an 11-month peak. Additionally, the total stockpiles across Shanghai, London, and Read More
Copper experienced a rebound of 2.65%, closing at Rs 1,181.35. This movement was primarily influenced by short covering, as investors took the opportunity to purchase following recent weakness in a thin trading environment. Nonetheless, the increases were constrained by the accumulation of exchange inventories. Stocks in London Metal Exchange-approved warehouses increased for a 12th consecutive Read More
Copper increased by 0.27% to close at Rs 1,209.5, buoyed by positive sentiment regarding global manufacturing, the transition to green energy, and demand growth driven by artificial intelligence. The persistent supply constraints at significant mining operations have also provided support. Nevertheless, the increases were constrained by a prevailing risk-averse sentiment in international markets and subdued Read More
Copper experienced a decline of 1.28%, closing at Rs 1,233.65, influenced by increasing exchange inventories and lackluster trading activity in anticipation of China’s Lunar New Year holiday. LME warehouse stocks increased to 189,100 tons, marking the highest level since May, driven by new deliveries in Taiwan and the U.S. Meanwhile, Shanghai Futures Exchange inventories surged Read More
Copper prices experienced a decline, closing down 1.33% at Rs 1,228, as increasing supply pressures negatively impacted market sentiment. The decline was primarily influenced by events in China, the globe’s foremost consumer, where refined copper production is anticipated to increase by approximately 5% this year following a significant 10% rise the previous year. In a Read More
