Betting on inverse head and shoulders on Ethereum

Still checking on AUDUSD

Copper contrarian buying opportunity?

Trendline breakout buy on gold

GBPJPY in a bullish trend

Dear GBPJPY, show us some love

Descending trendline retest

AUDUSD buys from 0.6410

EURUSD still bearish

Lets short gold from a premium level

SHORT ON GBPCAD AS CAD GAINS STRENGTH

EURUSD is still still bearish

EURUSD sells from 1.0690

Hard bound DJ30

Nasdaq to retest at 15420

Long time no see USDCAD

BTC nearing for a short sell

Waiting to short Bitcoin again

Lets buy Chainlink from support?

Finally some push on Ripple

Chainlink to the moon!

Nasdaq another attempt on shorts

We are shorting gold till 1880

Another stack on EURUSD

GBPJPY bullish on higher time frames

What a bullish trap on BITCOIN

EURUSD buys from 1.0690

GBPUSD bearish trend

EURUSD is bearish

Still bearish on GOLD

Gold in a range bound market to continue moving down

Another short on Ethereum

Ripple forming double bottom at 0.4900

Ripple to be bullish from support

EURUSD buys

GBPJPY buys from the support level at 184.25

EUR/USD looks vulnerable therefore short on EURUSD

Betting shorts on gold

Another attempt on gold shorts from 1945

DJ30 another buy

Hard luck on stops on GBPJPY sells

Buying dJ30 on trendline breakout buy

Barrel Into the Green?

Double bottom buys on EURUSD

Full throttle bullish on EURUSD

LONG ON AUD

Gold played out well on shorts

WTI to regain its strength above the weekly orderblock

EURUSD still waiting for buys

The Double Bottom can trigger a bullish breakout

DJ30 buys from support at 36860

Vision Pro is go long for

Gold shorts from 1935

GBPJPY breakout and sell

GBPJPY shorts from retest at 185

NASDAQ 200 points bull move

Ethereum continuing suit of Bitcoin

Wickfill on the Ethereum

Gold shorts from 1923

Lets short bitcoin from 26600

Keep stacking fellows!

EURUSD continuation of sells

DJ30 still sells

Still looking at shorts on gold

Another buy on EURUSD

DJ 30 still shorts

Another stack on nasdaq after taking profit

EURUSD bearish after tapping the resistance

GBPJPY buys from 185.30

GBPJPY buys from 185.40

EURUSD has broken out from support

EURUSD sell stacks from 1.0905

Waiting for GBPUSD to breakout from 1.2800

Another stack on gold short

NASDAQ buys from 14600

Apple to be bullish from now

Chainlink buys from 5.71

Ethereum can probably liquidate the daily OB

Chainlink at the support

ETH/USD bearish until touchdown at DEMA200

Chainlink buys from 5.90

LNK/USD will be stepping out of correction soon for more hikes

Retest and buy on ETHEREUM

Bitcoin buys from 27500

Another buy attempt on Chainlink

Ethereum to test $2,000 level

Stacks on Bitcoin shorts

Ethereum another buy position

DJ30 sells from 35370

Stacks on Gold

Stacks on Tesla

Long position on BTC for a 2.8% gain

AUDUSD at support with double bottom

Another chance on XRP buys?

Ripple continuation upwards

Ripple buys from 0.6300

GOLD seemingly buys from daily support

GBPJPY shorts from 183.90

AUDUSD remains weak below DEMA200

Copper futures fell toward $3.6 per pound mark in September, the lowest since late May, amid renewed pressure from a strong dollar and weak industrial sentiment worldwide. Despite momentary rebounds in industrial growth and new loans in top consumer China, persistent concerns over the financial health of property developers maintained worries that the country’s precarious macroeconomic backdrop has yet to bottom. Meanwhile, the outlook of a hawkish Federal Reserve and mounting growth concerns in Europe continued to pressure industrial activity, as evidenced by months of contractionary manufacturing PMIs. Still, futures refrained from decreasing even further as market players flagged large incoming copper deficits, with current production levels failing to keep up with increasing demand for electrification. Output from Chilean state-owned Codelco sank by 14% in the first half of the year, stretching the 7% decline from 2022.

Copper Sinks to Over 3-Month Low

Copper decreased to a 4-week low of 3.6755 USD/Lbs

Copper Hits 4-week Low

Copper futures fell to below the $3.7 per pound mark, approaching levels last seen one month prior amid persistent strength in the US dollar and weak industrial sentiment worldwide. Despite momentary rebounds in industrial growth and new loans in top consumer China, persistent concerns over the financial health of property developers maintained worries that the country’s precarious macroeconomic backdrop has yet to bottom. Meanwhile, increasingly restrictive interest rates in North America and Europe continued to pressure industrial activity, as evidenced by months of contractionary manufacturing PMIs. Still, futures refrained from decreasing even further as market players flagged large incoming copper deficits, with current production levels failing to keep up with increasing demand for electrification. Output from Chilean state-owned Codelco sank by 14% in the first half of the year, stretching the 7% decline from 2022.

Copper Approaches 1-Month Low

Copper futures held below $3.8 per pound for the fourth consecutive week in September, as pressure from a strong US dollar and weak industrial sentiment worldwide offset mounting concerns of insufficient supply. Despite momentary rebounds in industrial growth and new loans in top consumer China, persistent concerns over the financial health of property developers maintained worries that the country’s precarious macroeconomic backdrop has yet to bottom. Meanwhile, increasingly restrictive interest rates in North America and Europe continued to pressure industrial activity, as evidenced by months of contractionary manufacturing PMIs. Still, futures refrained from decreasing further as market players flagged large incoming copper deficits, with current production levels failing to keep up with increasing demand for electrification. Output from Chilean state-owned Codelco sank by 14% in the first half of the year, stretching the 7% decline from 2022.

Copper Holds Below $3.8

Copper futures rose above $3.75 per pound, extending the rebound from the three-week low of $3.68 touched on September 8th supported by momentary softness in the US dollar and hopes of improved demand for industrial inputs in China. The PBoC cut its reserve requirement ratio for the second time this year, aligning with eased rules to acquire property in key construction hubs and micro-targeted financial support at the financial scale, set to ramp up demand for industrial activity. The results had already pinned some improvements in the country’s deteriorating macroeconomic backdrop, with August PMIs pointing to some slight expansion, consumer prices rebounding from July's deflation, and credit growth accelerating more than expected. In the meantime, further increases were limited by a sharp rise in Chinese copper inventories, with stocks at the Shanghai Futures Exchange rising by over 8,000 tonnes in the first week of September.

Copper Extends Rebound

Copper futures have rebounded above the $3.7 level, having touched a three-week low of $3.676 on August 8th, as investors welcome improved economic data from top consumer China. In August, China's consumer prices returned to positive territory, registering a modest 0.1% increase. Furthermore, factory-gate price deflation has eased, showing signs of stabilization in the economy. Investors are now eagerly anticipating key data on industrial activity and retail sales scheduled for release on Friday. Beijing has recently implemented a series of measures aimed at bolstering the property market, including reducing existing mortgage rates for first-time homebuyers and adjusting down payment ratios in select cities. However, the country is still in the process of anticipating further policy support, given the risk of falling short of its economic growth target for the year.

Copper Rebounds from 3-Week Low

Copper futures dipped below the $3.7 threshold, hitting their lowest point since mid-August, due to a strengthening dollar, disappointing Chinese economic data, and anticipation in the market for additional economic support from Beijing. Earlier this month, released data indicated weaker-than-expected growth in China's service sector for August, signaling a cooling demand trend. The foreign trade report also revealed significant drops in both imports and exports during the same period. In response to these challenges, Beijing had previously introduced a set of measures aimed at shoring up the property market, including reducing the existing mortgage rates for first-time homebuyers and adjusting the down payment ratios in select cities. However, China is still in the stage of expecting more policy support, as the country faces the risk of missing its economic growth target this year.

Copper Down to 3-Week Low

Copper futures have continued their upward trajectory, surpassing the $3.8 threshold and reaching their highest level since August 7. Investors welcomed Beijing's efforts to bolster the property market, with the latest measures including reducing the existing mortgage rate for first-time homebuyers and adjusting the down payment ratio in select cities. Furthermore, the optimism stems from China's encouraging PMI data, which has raised expectations for a rebound in demand. A recent private-sector survey has unexpectedly revealed that China's factory activity returned to expansion mode in August, marked by improvements in supply, domestic demand, and employment. Beyond China's borders, the global demand for copper is expected to receive a boost from the electric vehicle market and the rapidly growing Indian economy.

Copper at Over 3-Week High

Copper futures rose beyond the $3.75 threshold, a climb from the over two-month low of $3.6362 reached on August 16th, driven by policy measures aimed at supporting China's wavering economic recovery, coupled with indications of increasing demand from the Chinese market. Beijing's authorization for 12 provinces and regions to issue 1.5 trillion yuan of special financing bonds is poised to enhance funding for construction and infrastructure ventures. Moreover, the interest rate reductions orchestrated by the People's Bank of China, coupled with a gradual revival of domestic demand, have also provided some support.

Copper Rebounds on China Stimulus Hopes

Copper futures sank to the $3.7 per pound level in August, the lowest in over one month, as new data magnified concerns over China’s economic recovery and further pared the outlook for base metal demand in the world’s top consumer. New yuan loans rose by CNY 346 billion in July, less than half of market expectations to point to the lowest demand for credit since 2009, magnifying worries after the sharp decline in trade turnover and another round of contractionary manufacturing PMI in the period. Despite the series of concerning data, markets continued to be skeptical about economic support from Beijing as public bodies refrained from signaling that significant stimulus could be passed. Still, the decline was limited by evidence of lower supply, risking wide shortages as economies transition to copper-intensive green technologies. Codelco’s output sank by 14% in the first half of the year. Additionally, the latest data showed that global inventories are 26% down year-to-date.

Copper Slides to 1-Month Low

Copper futures sank below $3.75 per pound in August, their lowest in one month, as the dollar continued to strengthen and new data magnified concerns over China's economic recovery, hampering the outlook for base metal demand. Both Chinese imports and exports contracted more than expected in July, while year-to-date copper imports slid by 10.7% to reflect a sharp downturn in demand for industrial inputs. The results follow contractionary manufacturing PMI readings and fresh signs of stress in property developers' financial stability, further clouding industrial activity. Still, the decline was limited by concerns that lower supply will coincide with higher demand for copper-intensive sustainable infrastructure in coming years, risking wide shortages. State-owned Chilean miner Codelco raised its output projections by 70,000 tonnes to 1.31-1.35 million tonnes this year, shortly after the giant reported that production in the first half of 2023 tanked by 14%.

Copper Sinks to 1-Month Low

Copper decreased to a 4-week low of 3.74 USD/Lbs

Copper futures sank toward the $3.8 per pound mark, retreating after touching a near-three-month high of $4 on July 31st as a stronger dollar and concerns of low demand in China offset mounting supply pressures. PMI data from China continued to point to contractionary trends in the country’s construction and manufacturing sector, magnifying evidence that its economy is failing to recover from extended Covid lockdowns and raising concerns that economic support from the government will not be enough to add significant traction to industrial activity. Still, the decline was limited amid concerns that lower supply will coincide with higher demand for copper-intensive sustainable infrastructure in coming years, risking wide shortages. State-owned Chilean miner Codelco revised its output projections by 70,000 tonnes to 1.31-1.35 million tonnes this year due to explosions and delays in key mines, shortly after the giant reported that production in the first half of 2023 tanked by 14%.

Copper Declines from 3-Month High

Copper futures were near the $4 per pound mark in early August, hovering near their highest level in over three months amid persistent concerns that tight supply and increasing demand may cause shortages. State-owned Chilean miner Codelco revised its output projections by 70,000 tonnes to 1.31-1.35 million tonnes this year due to explosions and delays in key mines, shortly after the giant reported that production in the first half of 2023 tanked by 14% year-on-year. The data follows a 7% output decline from the company in 2022, aligning with warnings by miners and market players that low supply levels are unable to keep up with rising demand due to copper’s key use in sustainability-oriented infrastructure. Key manufacturing PMIs in China pointed to another factory activity contraction in July, strengthening the case for the government to step in and support the country’s industrial sector. Hot GDP data from the US also added to bullish demand calls, supporting prices.

Copper Hovers Near 3-Month High

Copper increased to a 5-week high of 3.953 USD/Lbs

Copper Hits 5-week High

Copper futures approached the $3.9 per pound mark, and reached their highest level since July 14, driven by prospects of a demand recovery after China's commitment to providing further support. Beijing recently announced plans to bolster economic policy adjustments, with a focus on expanding domestic demand. Additionally, measures to support private investment and develop underdeveloped areas in megacities were unveiled by China's state planner earlier. Elsewhere, concerns about shortages have also contributed to the price surge. In May, copper output in top producer Chile declined by 14% year-on-year, signaling potential supply constraints as the metal plays a crucial role in the world's transition to sustainable energy sources.

Copper Surges on China Stimulus Pledge

Copper futures were near the $3.8 per pound mark, retreating from the near-three-month high of $3.93 touched on July 13th as concerns of low demand in China outweighed evidence of short supply. China’s push to ease its dependency on growth through unsustainable manufacturing and construction pared bets that the government will pass significant stimulus measures despite increasing evidence of a slow economic recovery for the world’s top consumer. Still, fears of shortages kept the decline in check. Copper output in top producer Chile sank 14% annually in May, among the latest signs that declines in global supply foreshadow an incoming shortfall amid the metal’s essential use in the world’s transition to sustainable energy sources. The data raised concerns that production in Chile may fall by more than Codelco’s forecast of 7%, extending the plunge from 2022.

Copper Retreats from 3-Month High

Copper futures were near the $3.85 per pound mark, attempting to approach the near-three-month high of $3.93 touched on July 13th amid persistent supply concerns, while markets continued to monitor signals from China’s government on any stimulus measures. Copper output in top producer Chile sank 14% annually in May, among the latest signs that declines in global supply foreshadow an incoming shortfall amid the metal’s essential use in the world’s transition to sustainable energy sources. The data raised concerns that production in Chile may fall by more than Codelco’s forecast of 7%, extending the plunge from 2022. In the meantime, a slower-than-expected GDP growth in China extended demand concerns from the world’s top consumer, adding to investors’ bets on incoming stimulus from the country’s government.

Copper Advances on Persistent Supply Worries

Copper futures sank to the $3.8 per pound mark from the over-two-month high of $3.93, as weaker-than-expected data from China underscored the country’s struggle to economically recover and dampened resource demand in the short term. The country's GDP disappointed market expectations and grew 6.3% in the second quarter. At the same time, industrial production for June surpassed estimates and trimmed hopes of significant stimulus from the Chinese government. Robust industrial output consolidated Beijing’s signals that any stimulus measures this year will be limited in scale as the government seeks to prioritize growth in the more sustainable service sector and cap its dependence on manufacturing and construction. Still, supply concerns limited losses. Copper output in top producer Chile sank 14% annually in May, among the latest signs that declines in global supply foreshadow an incoming shortfall amid the metal’s essential use in the world’s transition to sustainable energy sources

Copper Retreats from 1-Month High

Copper futures advanced to above $3.9 per pound in mid-July, its highest since late April, supported by weakness in the dollar, shortage concerns, and hopes of stronger demand. Copper output in top producer Chile sank 14% annually in May, among the latest signs that declines in global supply foreshadow an incoming shortfall amid the metal’s essential use in the world’s transition to sustainable energy sources. Combined copper stockpiles across the LME, SHFE, COMEX, and Chinese bonded warehouses reached 225,018 metric tons, marking a substantial 55% decrease since March. Meanwhile, evidence of slowing inflation in the US pared expectations of Fed hawkishness, lifting expectations of industrial activity worldwide and pressuring the currency used to price commodities. Elsewhere, weak trade data from China underscored the country’s struggle to recover economically, lifting expectations of public support measures.

Copper Rises to Over-2-Month High

Copper futures were above the $3.7 per pound mark, consolidating its rebound since touching the one-month low of $3.65 on July 4th as markets continued to weigh on the likelihood of stimulus from top consumer China and growing supply concerns. The world’s top copper consumer extended measures of a real-estate rescue package set last November, pinning expectations that authorities will step in with further stimulus measures if the economy continues to slow. Meanwhile, copper output in top producer Chile sank 14% annually in May, among the latest concerns that declines in global supply foreshadow an incoming shortfall to higher demand amid the metal’s essential use in the world’s transition to sustainable energy sources. Combined copper stockpiles across the LME, SHFE, COMEX, and Chinese bonded warehouses reached 225,018 metric tons, marking a substantial 55% decrease since March. This level of stockpiles represents a mere three days of global copper consumption in 2022.

Copper Holds Rebound

Copper futures rebounded above $3.7 per pound, bolstered by disappointing economic data that heightened expectations for economic stimulus measures in China, and as declining inventories indicated a tighter market. The latest PMI survey revealed a slower expansion of China's manufacturing sector in June, due to sluggish output and new order growth rates, declining employment levels, and weakening business sentiment. Meanwhile, combined copper stockpiles across the LME, SHFE, COMEX and China bonded warehouses reached 225,018 metric tons, marking a substantial 55% decrease since March. This level of stockpiles represents a mere three days of global copper consumption in 2022. Copper prices are anticipated to remain volatile in the forthcoming months, influenced by fluctuations in the value of the US dollar and investor sentiment regarding China's manufacturing and construction sectors.

Copper Rebounds on China Stimulus Hopes, Falling Inventories

Copper futures fell to under $3.7 per pound, the lowest in one month, pressured by a firmer US dollar and expectations of low manufacturing demand amid the concerning macroeconomic backdrop. The Chinese government has refrained from announcing specific support to its struggling manufacturing sector, while the Fed, ECB, and BoE are set to continue raising interest rates and further cap industrial output. Still, major market players continued to flag worries that copper supply may not keep up with expectations of strong long-term demand, since the metal is a critical raw material for the transition to renewable resources. Copper inventories at the LME and COMEX remained at low levels, dropping 7% on the week ending June 23rd. Also, Chile said this year's output is estimated to sink as much as 7% after the 10.6% decline in 2022. Lastly, the central bank of Peru cut expectations of mining investment this year, set to fall nearly 20% from 2022.

Copper Falls to 1-Month Low

Copper decreased to a 4-week low of 3.6805 USD/Lbs

Copper futures were at $3.8 per pound, retreating from the six-week high of $3.9 touched on June 21st as a concerning macroeconomic backdrop pressed against demand expectations for industrial inputs. The Chinese government has refrained from mandating stimulus to support its struggling manufacturing sector, while the Fed, ECB, and BoE are set to continue raising interest rates and further cap industrial output. Still, major market players continued to flag worries that copper supply may not keep up with expectations of strong long-term demand, since the metal is a critical raw material for the transition to renewable resources. Copper inventories at the LME and COMEX remained at low levels, dropping 7% on the week ending June 23rd. Also, Chile said this year's output is estimated to sink as much as 7% after the 10.6% decline in 2022.

Copper Retreats from 6-Week High

Copper increased to a 6-week high of 3.899 USD/Lbs

Copper Hits 6-week High

Copper futures rose past $3.8 per pound in June, the highest in over one month amid a softer dollar, mounting supply concerns, and hopes of a pickup in demand. Major market players continued to flag worries that copper supply may not keep up with expectations of strong long-term demand, since the metal is a critical raw material for the transition to renewable resources. In the near term, weak macroeconomic data from China continued to underpin bets that the government will roll out stimulus measures to support the country’s industrial sector. Additionally, the PBoC cut short-term borrowing costs to improve property developers’ liquidity. On the supply side, copper inventories at the London Metals Exchange were under 72 thousand tonnes in June, the lowest in one month. Also, Chile said this year's output is estimated to sink as much as 7% after the 10.6% decline in 2022.

Copper Rises to 1-Month High

Copper futures approached the $3.8 per pound mark in June, the highest in nearly one month and extending its rebound from the six-month low of $3.5 touched on May 24th amid mounting supply concerns and hopes of a pickup in demand. Major market players continued to flag worries that copper supply may not keep up with expectations of strong long-term demand, since the metal is a key raw material for the transition to renewable resources. Copper inventories at the London Metals Exchange were under 72 thousand tonnes in June, the lowest in one month. Also, Chile said this year's output is estimated to sink as much as 7% after the 10.6% decline in 2022. The higher prices were also attributed to bets that the Chinese government will roll out stimulus measures to support weak momentum in the country’s industrial sector, as data from May showed that Chinese copper imports fell by 4.6% year-on-year.

Copper Extends Rebound to 1-Month High

Copper increased to a 4-week high of 3.8035 USD/Lbs

Copper Hits 4-week High

Copper decreased to a 29-week low of 3.534 USD/Lbs

Copper Hits 29-week Low

Copper futures approached the $3.7 per pound mark, rebounding from the six-month low of $3.5 touched on May 24th as mounting supply concerns and expectations of government stimulus outweighed evidence of low purchasing activity. Major market players continued to flag concerns that copper supply cannot keep up with expectations of long-term demand, as the metal is a key raw material for the transition to renewable resources. Copper inventories at the Shanghai Futures Exchange fell to under 135 thousand tonnes in May, the lowest this year, and those at the London Metal Exchange were under 60 thousand tonnes, the lowest since 2005. Also, Chile said this year's output is estimated to sink as much as 7% after the 10.6% decline in 2022. In the meantime, concerning manufacturing activity and industrial growth figures in China ramped up bets of incoming stimulus measures from the Chinese government.

Copper Rebounds from 6-Month Low

Copper futures fell to the $3.7 per pound mark in mid-May, the lowest in over five months as a batch of new economic data deepened the prevailing demand concerns from China. Industrial production in the world’s top copper consumer rose by 5.6% annually in April, well below market expectations of a 10.9% jump, while property investment tanked by 16.2% and new home construction continued to decline. Also, poor industrial demand prompted China to import 407,294 tonnes of copper during the period, a 12.5% reduction compared to the corresponding period of the previous year. Still, tight limited a steeper decline. Copper inventories at the Shanghai Futures Exchange fell to under 135 thousand tonnes, the lowest this year, and those at the London Metal Exchange were under 60 thousand tonnes, the lowest since 2005. Also, Chile said this year's output is estimated to sink as much as 7% after the 10.6% decline in 2022.

Copper Falls to Over 5-Month Low

Copper decreased to a 18-week low of 3.8 USD/Lbs

Copper Hits 18-week Low

Copper futures fell toward the $3.8 per pound mark in May, the lowest four months, as signs of increasingly low demand outweighed evidence of tight supply. Economic data continually suggests that the reopening of the Chinese economy has not lived up to expectations of a sharper recovery, underscored by April PMI figures unexpectedly contracting. Consequently, low industrial demand drove the world’s second-largest economy to import 407,294 tonnes of copper during the period, a 12.5% reduction compared to the corresponding period of the previous year. Still, tight supplies pinned copper prices to hover slightly higher year to date, significantly outperforming other base metals. Copper inventories at the Shanghai Futures Exchange fell to under 135 thousand tonnes, the lowest this year, and those at the London Metal Exchange were under 60 thousand tonnes, the lowest since 2005. Also, Chile said this year's output is estimated to sink as much as 7% after the 10.6% decline in 2022.

Copper Drops to 4-Month Low

Copper futures held near the $3.9 per pound mark, remaining above the four-month low of $3.83 touched on May 3rd as evidence of tight supply weighed against deepening concerns of low demand. Copper inventories at the Shanghai Futures Exchange fell to under 135 thousand tonnes, near their lowest year-to-date, and the equivalent of just over three days of consumption according to data by the World Bureau of Metal Statistics. Meanwhile, inventories at the London Metal Exchange were under 60 thousand tonnes, the least since 2005, while Chile's state-owned Codelco said this year's output is estimated to sink as much as 7% after the 10.6% decline in 2022. Considering the long-term, market players flagged that copper supply will be unable to keep up with demand should economies transition to carbon-neutral technologies as planned, which also supports current prices. Still, lower-than-expected PMI data and a contraction in imports to China showed that near-term demand is comparatively muted.

Copper Holds Above 4-Month Low

Copper futures rose past $3.9 per pound, rebounding from the four-month low of $3.83 touched on May 3rd as evidence of lower supply outweighed concerns of low demand. Copper inventories at the Shanghai Futures Exchange fell to under 135 thousand tonnes, their lowest since early January, and the equivalent of just over three days of consumption according to data by the World Bureau of Metal Statistics. Meanwhile, inventories at the London Metal Exchange were at under 60 thousand tonnes, the least since 2005, and Chile's state-owned Codelco said this year's output is estimated to sink as much as 7% after the 10.6% decline in 2022. Still, evidence of low demand kept a ceiling on copper’s rebound. According to major PMI gauges, China’s manufacturing sector unexpectedly contracted in April to magnify concerns over the country's economic slowdown.

Copper Rebounds from 4-Month Low

Copper futures dropped to under $3.85 per pound, close to the four-month low of $3.8 touched on May 3rd amid mounting evidence of poor demand for industrial inputs among the world’s top consumers. According to major PMI gauges, China’s manufacturing sector unexpectedly contracted in April, magnifying concerns over the country's economic slowdown despite its reopening. Consequently, the Yanghsan copper premium has more than halved since mid-March to $23 per tonne, indicating excess availability for physical deliveries. In the meantime, weak growth in the United States and persistent concerns of financial instability dampened the mood for infrastructure investment. Keeping a floor under the prices, data from the London Metal Exchange showed inventories decreased to 56,000 tonnes, the least since 2005, and Chile's state-owned Codelco said the output in 2023 was estimated to sink as much as 7% after the 10.6% decline in 2022.

Copper Trades Near 4-Month Low

Copper futures hovered below $3.9 per pound, close to the four-month low of $3.8 touched on April 25th amid a firmer dollar and mounting evidence of poor demand from top consumer China. According to NBS PMI data, China's manufacturing sector contracted unexpectedly in April, magnifying concerns over the country's economic slowdown despite the reopening. Consequently, the Yanghsan copper premium has more than halved since mid-March to $23 per tonne, indicating oversupply due to muted demand for physical deliveries. In the meantime, weak growth in the United States and expectations of tighter policy by the Fed hurt projections for stateside demand. Keeping a floor under the prices, data from the London Metal Exchange showed inventories decreased to 56,000 tonnes, the least since 2005, and Chile's state-owned Codelco said the output in 2023 was estimated to sink as much as 7% after the 10.6% decline in 2022.

Copper Remains Under Pressure

Copper futures extended their downturn to $3.8 per pound in late April, the lowest in nearly four months, amid a firmer dollar and concerns about weak demand. Investors remained underwhelmed by purchasing activity from Chinese manufacturers after the country's reopening. The Yanghsan copper premium has more than halved since mid-March to $23 per tonne, indicating supplies were ample amid muted demand for physical deliveries. In the meantime, slow growth in the United States and expectations of tighter policy by the Fed hurt projections of stateside demand. Keeping a floor under the prices, data from the London Metal Exchange showed inventories decreased to 56,000 tonnes, the lowest since 2005. Also, Chile's state-owned Codelco said that output in 2023 is estimated to sink as much as 7% after the 10.6% decline in 2022.

Copper Falls to $3.8

Copper futures in the US fell toward the $3.9 per pound mark in late April, the lowest in one month, as projections of weak demand outweighed looming supply concerns. Investors remained underwhelmed by purchasing activity from Chinese manufacturers after the country's reopening. The Yanghsan copper premium has more than halved since mid-March to $23 per tonne, indicating supplies were ample amid muted demand for physical deliveries. In the meantime, the stability of US banks added leeway for the Federal Reserve to hike rates further. Keeping a floor under the prices, data from the London Metal Exchange showed inventories decreased to 56,000 tonnes, the lowest since 2005, and Chile's state-owned Codelco said the output in 2023 was estimated to sink as much as 7% after the 10.6% decline in 2022.

Copper Drops to 1-Month Low

Copper decreased to a 5-week low of 3.9305 USD/Lbs

Copper Hits 5-week Low

Copper futures in the US fell near the $4 per pound mark, retreating from the seven-week high of $4.12 touched on April 13th as the dollar rebounded from its recent lows and investors weighed near-term demand concerns against evidence of tight supply. The stability of US banks added leeway for the Federal Reserve to hike rates further and destroy demand, while lower-than-expected industrial production in China heightened doubts over the economic recovery of the world’s top copper consumer. Still, data from the London Metal Exchange showed inventories fell to 56,000 tonnes, the smallest amount since 2005. To add, Chile’s state-owned Codelco said the output in 2023 is estimated to sink as much as 7% after the 10.6% decline in 2022. Depleting stocks worldwide drove Trafigura to forecast copper prices at a record high this year, while Goldman Sachs projected a global shortage of visible copper inventories by September.

Copper Retreats Toward $4

Copper futures in the US hovered around $4.1 per pound in mid-April, almost the highest level since March amid a weak dollar, hopes of strong demand, and persistent concerns over low supply. Softer-than-anticipated inflation in China raised hopes that Beijing will increase stimulus to support growth and infrastructure activity, adding to bullish data after the credit rise beat expectations in March. In the meantime, data from the London Metal Exchange showed inventories fell to 56,000 tonnes, the smallest amount since 2005. The development tracked stocks at the Shanghai Futures Exchange, which lost over one-third since their peak in February. To add, Chile’s state-owned Codelco said the output in 2023 is estimated to sink as much as 7% after the 10.6% decline in 2022. Depleting stocks worldwide drove Trafigura to forecast copper prices at a record high this year. Meanwhile, Goldman Sachs projected a global shortage of visible copper inventories by September.

Copper Holds Gains Near $4.1

Copper increased to a 6-week high of 4.1545 USD/Lbs

Copper futures in the US rose past $4.1 per pound in mid-April, approaching their highest level since March 1st amid a weak dollar, expectations of elevated demand, and persistent concerns of low supply. Strong credit growth in China underscored Chinese authorities’ goal of stimulating infrastructure construction. In the meantime, data from the London Metal Exchange showed inventories fell to 56,000 tonnes, the smallest amount since 2005. The development tracked stocks at the Shanghai Futures Exchange, which lost over one-third since their peak in February. To add, Chile’s state-owned Codelco said the output in 2023 is estimated to sink as much as 7% after the 10.6% decline in 2022. Depleting stocks worldwide drove key commodity trader Trafigura to forecast copper prices at a record high this year. Meanwhile, supply and demand imbalances led Goldman Sachs to project a global shortage of visible copper inventories by September.

Copper Rises Past $4.1

Copper futures in the US fell under $4 per pound in the second week of April, the least in three weeks, as the dollar bounced off its recent lows and investors assessed expectations of the Fed’s policy for hints on future demand. Jobs data in the US bolstered bets for another rate hike by the Federal Reserve, supporting the greenback and pressuring projections for industrial demand. Still, persistent concerns over tight supply limited losses and kept copper prices 4.5% higher year-to-date. Inventories at the Shanghai Futures Exchange fell by over one-third since their peak in February. At the same time, Chile’s state-owned Codelco said that output in 2023 is estimated to sink as much as 7% after the 10.6% decline in 2022. Depleting stocks worldwide drove key commodity trader Trafigura to forecast copper prices at a record high this year. Meanwhile, supply and demand imbalances led Goldman Sachs to project a global shortage of visible copper inventories by September.

Copper Retreats to 3-Week Low

Copper futures in the US advanced above the $4.03 per pound mark, rebounding from the two-week low of $3.98 touched on April 4th amid persistent concerns of tight supply. Inventories at the Shanghai Futures Exchange fell by over one-third since hitting their peak in February. At the same time, output from top producer Chile sank by 3.7% in February, magnifying low supply from Peru due to political turmoil. Depleting stocks worldwide drove key commodity trader Trafigura to forecast copper prices will rise to a record high this year. Meanwhile, supply and demand imbalances led Goldman Sachs to project a global shortage of visible copper inventories by September. In the meantime, investors continued to assess the outlook of the Chinese economy for hints of future demand, as mixed manufacturing PMI data extended the uncertainty over the impact of the country’s reopening on infrastructure activity.

Copper Rebounds Past $4

Copper futures fell to below the $4 per pound mark in early April, the lowest in two weeks, as signs of moderate demand momentarily outweighed concerns of low supply. Data from the broad-based Caixin Manufacturing PMI showed that Chinese factory activity unexpectedly halted in March, upsetting hopes that the country’s reopening would support continued growth in manufacturing. Still, copper futures remain 5% higher year-to-date due to tight supply. Inventories at the Shanghai Futures Exchange fell by over one-third since hitting their peak in February. At the same time, output from top producer Chile sank by 3.7% in February, magnifying low supply from Peru due to political turmoil. Depleting stocks worldwide drove key commodity trader Trafigura to forecast copper prices will rise to a record high this year. Meanwhile, supply and demand imbalances led Goldman Sachs to project a global shortage of visible copper inventories by September.

Copper Retreats to Below $4

Copper futures held to the $4.05 per pound mark since late March, close to the three-week high of $4.1 touched on March 23rd amid continuous signs of tight supply. Strong usage in China amid its economic reopening led inventories at the Shanghai Futures Exchange to fall by over one-third since hitting their peak in February. At the same time, output from top producer Chile sank by 3.7% in February, magnifying low supply from Peru due to political turmoil. Depleting stocks worldwide drove key commodity trader Trafigura to forecast copper prices at a record high this year. Meanwhile, supply and demand imbalances led Goldman Sachs to project the global shortage of visible copper inventories by September. Demand estimates differed as eased concerns of banking turmoil raised the possibility of tighter policy by the Fed. In China, mixed manufacturing PMI data extended caution on demand expectations from the world’s top consumer.

Copper Holds Steady Near 3-Week High

Copper futures eased to the $4.05 per pound mark from the three-week high of $4.12 touched on March 23rd as persistent woes in the global banking sector continued to weigh on prices for key base metals. Concerns that the Fed would defy market expectations and refrain from cutting interest rates this year also pressured projections for industrial demand. Still, looming threats of low supply kept copper prices nearly 7% higher year-to-date. Mining exports from major producer Peru sank almost 20% annually in January due to the widespread protests, while inventories at the Shanghai Futures Exchange tumbled 36% since their peak in February. Depleting stocks worldwide drove key commodity trader Trafigura to forecast copper prices will reach a record high this year, while supply and demand imbalances led Goldman Sachs to expect the global shortage of visible copper inventories by September.

Copper Eases from 3-Week High

Copper futures extended hovered near $4.1 per pound in late March, the highest in three weeks, as expectations of strong demand and concerns of lower supply offset the sharp rebound for the greenback. Fresh data showed that copper demand in China rose by 13 percent year-on-year in February, supported by the increase in infrastructure construction and new energy investments amid the country’s economic reopening. In the meantime, mining exports from major producer Peru sank nearly 20% annually in January due to the widespread protests, while inventories at the Shanghai Futures Exchange remained at lower levels. Depleting stocks in Shanghai and robust demand drove key commodity trader Trafigura to forecast that copper prices could rise to a record-high this year, while supply and demand imbalances led Goldman Sachs to expect the world may run out of visible copper inventories by September.

Copper Hovers Near 3-Week High

Copper futures were at $3.95 per pound, rebounding from the two-month low of $3.9 touched on March 16th amid the dollar’s retreat, evidence of tight supply, and hopes of strong demand while investors continued to assess risks that instability in the global financial sector may pose to the real economy. Mining exports from major producer Peru sank nearly 20% annually in January due to the widespread protests that halted the activity, while inventories at the Shanghai Futures Exchange continued to drop. In the meantime, expectations of demand in top consumer China were supported by the People’s Bank of China’s surprise cut in the reserve requirement ratio, the country's latest measure to spur higher economic activity and rebound from Covid lockdowns.

Copper Rebounds from 2-Month Low

Copper decreased to a 9-week low of 3.8715 USD/Lbs

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