LIVE FUTURES REPORT 05/02: Comex copper prices rebound during Lunar New Year

Comex copper prices in the United States shrugged off earlier losses in morning trading on Tuesday February 5, with the base metals complex temporarily boosted by the lack of Chinese participation while the East Asian country begins its Lunar New Year holiday.

The copper price for March settlement on the Comex division of the New York Mercantile Exchange rebounded by 2.20 cents on February 5 to $2.8165 per lb. “We believe that copper will deliver well this year after a disappointing 2018,” Fastmarkets analyst Boris Mikanikrezai said. “While we expect the fundamental backdrop to remain tight, we think that the macro environment will improve, driven by policy easing from China, a more dovish [US Federal Reserve...

Published

Dalton Barker

February 05, 2019

14:42 GMT

Chicago