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 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 decreased by 1.06% to close at Rs 1,313.55, influenced by escalating geopolitical tensions in the Middle East and increasing expectations of tighter monetary policy, which negatively impacted sentiment across industrial metals. The United States initiated military action against Iranian targets in response to the downing of an American helicopter. This escalation has heightened 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
