Copper prices suppressed by lower demand in China
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Update time : 2021-02-04 17:47:07
Copper prices are pressured by lower China demand. The price of this metal has decreased more than 5% compared to last month.
The market condition indicated lower manufacturing activity in China this week. China’s mill's activity in January grew at the lowest level in months due to domestic coronavirus infections and dropping exports which were influenced by an increasing global pandemic and higher costs.
Copper futures dropped by 0.4%, which was closed to a three-week low. In addition, a stronger US dollar also pushed funds to cut bets on higher prices
