LIVE MARKET ALERT Copper futures retreated during the latest intraday session, with prices easing to around $5.91 per pound, marking a 1.17% decline. The pullback followed a period of steady gains, as traders reassessed risk exposure amid mixed signals from global manufacturing and construction sectors. Thin liquidity near technical resistance levels contributed to profit-taking activity across the metals complex.
Market participants noted reduced speculative demand, alongside subdued physical buying from major consumers. While supply conditions remain relatively tight, recent sentiment shifts in broader commodities markets have encouraged short-term consolidation. Analysts suggest that a sustained recovery will depend on renewed industrial momentum and clarity surrounding near-term macroeconomic trends.
Key Drivers:
• Profit-taking and reduced speculative positioning following recent highs
• Cautious demand outlook amid uncertainty in manufacturing and construction sectors
This article is for informational purposes only and does not constitute financial or investment advice. Market conditions may change without notice.
Copper Slips as Market Sentiment Softens
"Copper futures fell 1.17% to $5.91/lb as traders took profits amid thin liquidity, weaker speculative demand, and uncertainty in manufacturing and construction outlooks."
Market participants noted reduced speculative demand, alongside subdued physical buying from major consumers. While supply conditions remain relatively tight, recent sentiment shifts in broader commodities markets have encouraged short-term consolidation. Analysts suggest that a sustained recovery will depend on renewed industrial momentum and clarity surrounding near-term macroeconomic trends.
Key Drivers:
• Profit-taking and reduced speculative positioning following recent highs
• Cautious demand outlook amid uncertainty in manufacturing and construction sectors
This article is for informational purposes only and does not constitute financial or investment advice. Market conditions may change without notice.