Neutral
Copper prices remain stable amid easing LME tightness and improving Chinese demand.
Over the past 24 hours, copper prices have steadied near a three-week low, influenced by easing tightness in London Metal Exchange (LME) inventories and signs of recovering demand in China. The Yangshan copper premium, a gauge of Chinese demand for imported copper, rose to $100 per ton, the highest since mid-August. Additionally, LME-registered copper stocks increased by 3.59% to 242,900 tons, indicating improved supply availability.
Key points
- Copper steadies near three-week low amid easing LME tightness.
- Yangshan copper premium rises to $100 per ton, indicating improved Chinese demand.
- LME-registered copper stocks increase by 3.59% to 242,900 tons.
Sources
AI-generated from public news sources. Not financial advice.
