Copper futures trade near 2009 Oct low

Source: Investing.com
© Scanpix/Reuters
On Monday copper traded close to the five-year low, as concerns over weak global demand put pressure on the red metal. Futures for March delivery slid 0.4 cents to $2.751 per pound after hitting a low of $2.741, unseen since 2009, amid Chinese producer price inflation declining the most in a two-year period. Strong greenback cut demand for raw materials by making commodities' prices in dollar terms more expensive, while Asia is the world's largest copper consumer, constituting nearly 40% of the demand.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.