Like many other commodities, copper prices have been on a tear in recent weeks. But the month of May has not been kind, at least in recent days: even though copper prices are up by +1.43% on the month, they are actually down -7.26% from their high set on May 10. Why might this be?
MCX Copper Short Term Tips: Copper rebounded from Wednesday’s slump, buoyed by expectations that demand will remain resilient in the face of possible tapering by the US Federal Reserve and China’s stepped-up efforts to jawbone prices lower.
COPPER / NICKEL ALL TARGET DONE 🏆🏆🏆 | Neal Bhai Reports. MCX Copper yesterday settled down by 2.98% at 760.5 after as the National Development and Reform Commission responded to the recent sharp increase in commodity prices, stating that commodity prices will gradually return to the fundamentals of supply and demand.
What You Think Next MCX Copper price Target 900?; Copper cleanly broke above its prior high last Friday, closing at $10,417/mt to comfortably beat the prior intraday high of $10,170/mt set ten years ago.
Copper soared this week to an all-time high, continuing a sizzling rally that’s seen prices double in the past year.
MCX Nickel Intraday Tips: Nickel yesterday settled down by 0.39% at 1327.4 on profit booking after seen supported as prospects for rebounding growth as the global vaccine rollout gathers pace underpinned a rally in the metals market.