Tag
lme
4 articles
Copper Futures Slip 0.1% as China Demand Remains Offline Post-Holiday
LME copper fell to $13,304.50 per ton as Chinese industrial users stayed shuttered through Lunar New Year; inventories hit their highest since early 2020.
Copper Breaks Below $14K as LME Supply Squeeze Unwinds
A 20,025-tonne jump in exchange inventories eases physical tightness; cash/3M spread compresses to $248 as speculators cut longs.
Copper Holds $39+ as LME Backwardation Shows Structural Floor
CPER settled at $39.39 on Aug. 19 as LME tom-next spread surged to $75/ton premium, rewarding nearby holders despite Chinese demand concerns.
LME Copper Spread Hits Highest Level Since 2021 Squeeze
The Tom/next spread briefly reached $100 a ton Wednesday as long holders sitting on 130,000 tons of Jan. contracts pushed spot prices sharply above deferred futures.