Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Language: 
Home / Metal News / Market sentiment took a sharp turn for the worse, and COMEX copper net long positions pulled back.
Market sentiment took a sharp turn for the worse, and COMEX copper net long positions pulled back.
Apr 7, 2025 13:16Source:SMM
The report released by the US Commodity Futures Trading Commission (CFTC) showed that as of the week ending April 1, the net long positions in COMEX copper futures held by funds pulled back to 30,025 contracts.
Previously, the market sentiment was optimistic, and COMEX copper continuously hit new historical highs. However, with the recent escalation of tariff disputes, the market trading logic shifted to concerns about economic expectations, and market sentiment took a sharp downturn. The confidence of fund bulls pulled back. In the week ending April 1, fund long positions significantly declined to 94,101 contracts, while short positions also pulled back to 64,076 contracts. The total open interest ended its three-week increase, dropping to 245,181 contracts.
The chart below shows the performance of COMEX copper fund net positions and futures market since 2020:
The following is the data on changes in COMEX copper fund net positions since December 2024, as published by the CFTC:
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
SMM Events & Webinars
All- Apr23
2025 (20th) SMM Copper Industry Conference and Expo
Apr 23 - 25,2025Nanchang，Jiangxi，China
- May15
2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP
May 15 - 25,2025Argentina & Brazil
- May20
2025 SMM ASIA METALS SEMINAR
May 20 - 20,2025Global Metals Market in Flux Geopolitics, Policies, FundamentalsNovotel Century, Hong Kong, China
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
