Markets

Morning Copper Market Report

The copper market extended yesterday's recovery rally during overnight trading, due in large part to a general improvement with macro economic psychology for Thursday's session. In addition, the copper market may have found benefit from a weaker Dollar and a large daily decline in LME copper stocks. LME Copper Stocks overnight were pegged at 471,725 tons for a decline of 3,200 tons. After a lack of positive Chinese demand news recently, the copper market received positive comments on Chinese restocking potential overnight which may help to improve market sentiment.

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.

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