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Copper little changed as demand slows ahead of China holiday

From brecorder.com

Copper prices were little change on Wednesday, as demand slowed ahead of China’s nine-day Lunar New Year break. The most-active copper on the Shanghai Futures Exchange dipped 0.10% to 101,760 yuan ($14,721.58) a metric ton as of 0320 GMT. The benchmark three-month copper on the London Metal Exchange was unchanged at $13,108 a ton. Demand from downstream users in top consumer China has slowed after last week’s restocking activities and the approaching of the nine-day Lunar New Year break, analysts at Chinese broker Galaxy Future said in a note. Demand for the red metal will only pick up in March in China, traders ... (full story)

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  • Category: Fundamental Analysis