Markets

Morning Copper Market Report

The copper market has recovered from this week's lows for the move, with some traders feeling that strength may be coming from an improved outlook for the Euro zone as the markets are "hopeful" that the Euro zone problems issues will be quiet for the near term. The copper market does appear to be finding some support from private Chinese demand projections. Those Chinese infrastructure projects may be a way to offset periodic cyclical declines in demand and discount any threat of recession currently in the marketplace. In another positive demand side story, Chinese officials overnight predicted that Chinese monthly copper imports of refined products would remain strong over the coming months. LME Copper Stocks were 466,150 tons, down 625 tons.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities