LIVE FUTURES REPORT 13/12: Comex copper price streak extends to sixth days

Comex copper nudged higher in the US morning on Wednesday December 13 with the market still recovering from the latest bout of profit-taking and turning optimistic as the year concludes.

Copper for March settlement on the Comex division of the New York Mercantile Exchange gained 1.80 cents or 0.6% to $3.0410 per oz. Earlier, the contract touched $3.0565, the highest since December 5. “We remain positive on copper over the very short term, expecting the recent sell-off to complete sooner rather than later,” Metal Bulletin analyst Boris Mikanikrezai said. “Our view reflects a positive macro environment, which should continue to elicit investor interest into cyclical assets like copper. That said, we concur that a Chinese reaction to the imminent...

Published

Dalton Barker

December 13, 2017

16:56 GMT

Chicago