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DeepNewz, mobile.
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Copper prices have been affected by various factors including Chinese reluctance to pay record prices, hawkish comments from Federal Reserve officials, and a crowded long position trade. The rally in copper has shown signs of easing due to lack of fundamental support and weakening Chinese data.
Chinese Factories Recoil From Paying Record Copper Prices Metal’s barnstorming rally outruns demand in biggest market Some fabricators seek to delay contracted deliveries of copper https://t.co/qhfyD9o8da
Copper Steadies After Biggest Decline in Almost Two Years Prices impacted by Fed officials dampening rate-cut hopes Metal’s rally ‘showing signs of easing,’ Jinrui Futures says https://t.co/sfd6LiA7NX
‘Party over’ for #copper, prices fall notably following Monday's record high https://t.co/oUCUsFed7k
