LIVE FUTURES REPORT 02/05: Comex copper extends selloff, dollar recovers

Comex copper prices sank further in morning trading on Thursday May 2 in the United States after a 3% selloff yesterday fueled by increased warehousing inflows, weak global data and a stronger dollar.

The copper price for July settlement on the Comex division of the New York Mercantile Exchange fell 2.15 cents to $2.7810 per lb.  "In line with our expectations, copper has come under downward pressure of late given the absence of a seasonal pick-up in...


Dalton Barker

May 02, 2019

15:40 GMT