LIVE FUTURES REPORT 05/12: Comex copper price tumbles to 2-month low

Comex copper prices experienced a massive selloff in the US morning on Tuesday December 5 amid growing warehouse stocks and market participants heading to the sidelines ahead of the Christmas holiday season.

Copper for March settlement on the Comex division of the New York Mercantile Exchange tumbled 12.85 cents or 4.1% to $2.9615 per lb. Earlier, the price touched $2.9560, the lowest point since October 3. Mounting copper stocks in Asia and the United States - over 10,000 tonnes this morning went into LME-listed warehouses with deliveries in across multiple Asian locations - and the shrinking number of market participants are leading to a major...

Published

Dalton Barker

December 05, 2017

17:12 GMT

Chicago