Copper prices in London were on track for a second consecutive weekly gain on Friday, helped by efforts to support the property market in top metals consumer China, a weaker dollar and improved risk appetite in financial markets.
COPPER Price Forecast
Copper rises as firm yuan supports Chinese demand
Copper prices rose in London on Thursday as the U.S. currency DXY weakened, supporting demand for the dollar-priced metal from buyers using Chinese yuan and other currencies.
Base Metal Update Today, 14 August 2023: मजबूत डॉलर के कारण बेस मेटल्स में गिरावट
Base Metal Update Today, 14 August 2023: कभी चीन की अर्थव्यवस्था का स्तंभ और धातुओं का प्रमुख उपभोक्ता माने जाने वाले संपत्ति क्षेत्र और मजबूत डॉलर पर बढ़ती चिंताओं के कारण अधिकांश आधार धातुओं की कीमतों में सोमवार को गिरावट आई।
Copper Slip on Dollar Strength, Downbeat China Data
Copper prices fell on Tuesday over a dismal demand outlook driven by a stronger dollar and weak economic data from top metals consumer China.
Copper Spirals To 19-Month Low As Recession Fears Dominate
Copper fell to its lowest price in 19 months, with metals extending losses as global recession fears continue to damp the demand outlook for commodities.
Base Metals: Copper prices Skids to lowest in a month as investors reduce risk
Base Metals: Copper prices have dropped 0.35% this week however they will now be at 4 pyo per pound. Gold and silver had also risen from covid-lows to $9,700 metric tonne in New York. The bellwether has been fuelled by a widely-held belief that demand for it should be heavily supported by the economic post-pandemic boom but also by the worldwide push to decarbonise.
Copper Prices Gains as Chinese Liquidity Worries Ease
- China has been tightening regulations in its property sector, which consumes a vast amount of metals, to ward off bubbles
Copper prices edged higher on Monday as investors were relieved that China, the world’s biggest metals consumer, might not be tightening credit as much as expected.
Copper Prices CMCU3 Have Extended Their Sharp Recovery
Copper prices CMCU3 have extended their sharp recovery last week from the March lockdown lows of $4,371 to $7,973.5 a tonne, the highest since February 2013, buoyed by China’s solid demand and hefty investments by speculators amid monetary policy easing. views the current prices do not reflect fundamentals and the rally has been overdone.
Copper MCX Price Target 408—413 – Any Big Panic Buy And Sleep – Neal Bhai
Copper MCX Price Target 408—413 – Any Big Panic Buy And Sleep – Neal Bhai
Shanghai copper prices rose to a near four-week high on Monday as supply worries rose following a fall in inventories and suspension of operations in major producer nations.
BASE METAL TIPS – Copper Prices OutLook: Net Longs in the Industrial Metal Grew Slightly
Base Metal Tips – Copper Prices: Net longs in the industrial metal grew slightly as funds marginally cut back on their short positions by 1%. However, copper could be starting to top out as investors refrain from taking up fresh longs.