LIVE MARKET ALERT Copper futures traded around $5.95 per pound, marking an intraday gain of 1.36%. The move reflects continued interest from industrial participants amid stable manufacturing output and a favorable macroeconomic backdrop. Market participants noted active buying interest in the spot and futures segments, pushing prices modestly higher in early dealings.
Analysts attribute the upswing to a combination of resilient demand from key consuming regions and limited short-term supply expansion. With inventories at major exchanges holding near multi-session lows, sentiment remains constructive as traders monitor downstream activity and potential adjustments in global supply chains.
Key Drivers:
• Steady industrial consumption levels supporting spot demand.
• Tight exchange inventories limiting downside pressure on prices.
This market commentary is for informational purposes only and does not constitute financial advice or a solicitation to buy or sell any commodity or derivative instrument.
Copper Prices Edge Higher on Steady Industrial Demand
"Copper futures rose 1.36% to $5.95/lb amid steady industrial demand, tight exchange inventories, and limited supply growth, sustaining positive sentiment across spot and futures markets."
Analysts attribute the upswing to a combination of resilient demand from key consuming regions and limited short-term supply expansion. With inventories at major exchanges holding near multi-session lows, sentiment remains constructive as traders monitor downstream activity and potential adjustments in global supply chains.
Key Drivers:
• Steady industrial consumption levels supporting spot demand.
• Tight exchange inventories limiting downside pressure on prices.
This market commentary is for informational purposes only and does not constitute financial advice or a solicitation to buy or sell any commodity or derivative instrument.