Worsening Covid-19 situation in Southeast Asia hits copper demand

Spot demand for copper cathode in Southeast Asia was sluggish in the week to Tuesday July 20, with minimal spot activity reported amid a worsening Covid-19 situation in the region.

The highly contagious Delta variant of Covid-19 has resulted in new lockdowns and restrictions around the world, and in Southeast Asia, much stricter coronavirus-related measures are affecting local manufacturing activity as well, market sources told Fastmarkets.

Copper fabricators in Malaysia and Vietnam have shut or are running at reduced rates amid fresh lockdowns or reports of Covid-19 infections among workers. Participants expect this, along with a lack of spot demand, to put more pressure on...

Published

Sally Zhang

July 21, 2021

04:54 GMT

Shanghai