The copper market is so tight that spot contracts traded at the biggest premium over futures in at least 27 years in London.
Copper Target
Copper Set to Rule Around $10,000 a Tone in The Short-Term | Neal Bhai
Copper prices are set to rule firm around $10,000 a tonne in the short-term as inventories have hit a record low following production cuts in the wake of power crunch in Europe and China despite a drop in manufacturing activities.
Copper MCX Analysis : Copper Above 795 Target 818——838 | Neal Bhai
Copper is continuing a steady march higher despite the US Dollar strengthening today. It is approaching all-time highs on a run down in inventory, as energy costs hinder production capacity. After rallying 10% last week, Comex futures are trading 1% higher in Asia ahead of the London Metals Exchange (LME) opening.
Copper MCX Tips Today | All Target Hit 715.60 to 709 | Neal Bhai MCX Guru
Copper MCX Tips Today: घरेलू हाजिर बाजार की कमजोर मांग के बीच कारोबारियों ने अपने सौदों की कटान की जिससे वायदा बाजार में मंगलवार को तांबा वायदा भाव 0.35 प्रतिशत गिरावट के साथ 716.65 रुपये प्रति किलो रह गया।
Copper MCX Tips Today 704.40 to 708.65 Boom Boom | Neal Bhai
Copper MCX Tips Today: Copper yesterday settled down by 1.82% at 697.8 amid concerns over demand due to Chinese power restrictions, put in place to keep emissions in check.
Copper Demand Continues to Outstrip Supply | Neal Bhai
Copper Demand: In the late-August copper price forecast update it was noted that “the shifting narrative around the supply-demand picture has created an opportunity whereby copper traders may be able to retake the pandemic uptrend, which would keep intact the prospect of a multi-month bull flag forming – and if viable, another jaunt to all-time highs.”
MCX Copper Tips Enjoy Tons of Money 720 to 743.75 Full Target Hit | Neal Bhai Reports
Copper prices are in a somewhat similar position to crude oil, with a rising trendline from the February swing low currently resting shortly above.