LIVE FUTURES REPORT 27/03: Comex copper rebounds despite weak data

Comex copper prices rebounded in the midweek session on March 27 morning in the United States, despite disappointing US and Chinese data and with the market experiencing a bout of technical buying.

The copper price for May settlement on the Comex division of the New York Mercantile Exchange gained 1.05 cents to $2.8645 per lb. The contract has hovered around $2.90 per lb over the last several weeks. Total LME stocks dipped lower to 170,725 tonnes after accounting for 1,800 tonnes of outflow, which easily offset the mild 250 tonnes of inflow. In the US, CME Group...

Published

Dalton Barker

March 27, 2019

15:00 GMT

Chicago