China Lithium Market Dynamics & Lithium Procurement Study

China Lithium Market Dynamics and Lithium Procurement Study

Battery Recycling Technology Understanding

Solid State Battery Market

   China Scrap Steel Quality Analysis 

China Scrap Steel Cost Curve

Home

Metal News

US Copper Ends at 1-Week Low on China Probe Fears

Li-ion Battery Americas 2024

2024 SMM (19th) Aluminium Conference & the First Aluminium Industry Expo

CLNB 2024 9TH CHINA NEW ENERGY EXPO

Indonesia Nickel & Cobalt & EV Industry Conference 2024

ASEAN Tin Industry Conference 2024

ASEAN Coal Industry Conference 2024

ASEAN Aluminium Industry Conference 2024

2024 ASEAN Automotive Supply Chain

2024 Global Renewable Metal Industry Chain Summit

2nd Li-ion Battery Europe 2024

BASE METALS: LME Metals Unable to Recover Losses, Close Lower 

NEW YORK, Sept 9 (Reuters) &ndash;
U.S. copper futures closed at 
their lowest levels in more than one week on Thursday, hit by 
talk of a Chinese investigation into trading in the Shanghai 
rubber market, which outweighed better-than-expected labor 
market data.
Copper for December delivery HGZ0 sank 5.70 cents, or 
1.6 percent, to finish at $3.4435 per lb on the COMEX metals 
division of the New York Mercantile Exchange.
Lowest level on a settlement basis since Aug. 31.
Range from $3.3940 to $3.5020.
COMEX estimated final copper futures volume at 41,222 
lots, up from Wednesday's final count of 32,768 lots. IZQI 
Open interest up 1,118 lots at 138,197 contracts as of 
Sept. 8.
COMEX copper tracks overseas losses after talk of Chinese 
probe into trading on Shanghai rubber market slammed Chinese 
commodity futures prices.
Fear investigation could spread to other commodity 
sectors such as metals - traders.
Sentiment further undermined by Chinese demand worries 
tied to further property tightening measures in the world's top 
metals consumer - traders.
China concerns outweighed lower-than-forecast U.S. 
jobless claims and trade deficit numbers that pointed to 
brighter prospects for economic growth in the world's largest 
economy.&nbsp;
U.S. copper imports up for a fourth straight month in 
July, pointing to healthier demand prospects in world's leading 
economy.&nbsp;&nbsp;London Metal Exchange (LME) copper warehouse stocks 
dropped 1,125 tonnes to 393,375 tonnes, down from 6-1/2 year 
highs at 555,075 tonnes in mid-February.
COMEX copper warehouse stocks went down by 386 short tons 
at 94,435 short tons as of Sept. 8.
LME copper CMCU3 last bid at $7,554 a tonne in closing 
kerb trades, versus $7,675 a tonne on Wednesday.
 
 
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
&nbsp;&nbsp;&nbsp;
 
&nbsp;
&nbsp;

China August Copper Imports Gain 11% to 379,527 Tons, Rise Second Month

US Copper Ends at 1-Week Low on China Probe Fears | Shanghai Non ferrous Metals

US Copper Ends at 1-Week Low on China Probe Fears

SMM Events & Webinars

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit

2024 ASEAN Automotive Supply Chain