COMEX Copper Net Longs Fall from 7-Month High after 8 Weeks Growth

Published: Sep 18, 2017 16:15

Save

Net longs on COMEX copper held by hedge funds fell from a 7-month high after growing for 8 weeks in a row, according to Commodity Futures Trading Commission (CFTC) report.

SHANGHAI, Sept. 18 (SMM) - Net longs on COMEX copper held by hedge funds fell from a 7-month high after growing for 8 weeks in a row, according to Commodity Futures Trading Commission (CFTC) report.

COMEX Copper Inventories (2017-9-15)

COMEX copper net longs decreased to 46,614 in the week ended September 12.

LME Copper Canceled Warrants Post Biggest Gain from June on September 18

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

COMEX copper net long positions

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Gulf disruption squeezes Indonesia nickel makers' sulphur supply

Due to the conflict in the Middle East, shipping through the Strait of Hormuz has been disrupted, raising the risk of tighter global sulphur supplies. Indonesia relies on the Middle East for around 75% of its sulphur imports, and sulphur is a key raw material for producing sulphuric acid, which is essential for leaching metals in nickel and copper processing. Analysts note that sulphur inventories at Indonesia’s HPAL nickel plants typically cover only one to two months of consumption. If transport disruptions persist, some plants may be forced to cut production as early as next month. Overall, if shipping disruptions in the Middle East continue for more than a few weeks, production and demand for related metals may need to slow.

1 hour ago

6 hours ago

SHFE Copper Warrants Up by 11,856 MT, Total Reaches 315,488 MT

[SMM Shanghai Spot Copper] Intraday SHFE copper futures warrants increased by 11,856 mt, bringing the total to 315,488 mt. Of this, the Shanghai area increased by 8,871 mt, Guangdong decreased by 125 mt, and Jiangsu decreased by 3,110 mt.

6 hours ago

8 hours ago

Geopolitical Risks Intensified; the Most-Traded BC Copper Contract Closed Down 0.41% [SMM BC Copper Commentary]

8 hours ago