LIVE FUTURES REPORT 14/11: Comex copper down

Comex copper prices softened on Tuesday November 14 morning in the US after investors preferred to lock-in profits and winter weather is expected to slow Chinese growth over the next few months.

Copper for December delivery on the Comex division of the New York Mercantile Exchange dropped 5.55 cents or 1.8% to $3.0610 per lb. "Consolidation continues, partly because prices have run ahead of the fundamentals but also due to expectations that Chinese growth will moderate in the short term," Metal Bulletin analyst James Moore said. "We maintain our view that while prices are in an area of...

Published

Dalton Barker

November 14, 2017

16:35 GMT

Chicago