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China Fears Hit Copper Sentiment

Copper prices are trading at their lowest level since April today as the metal remains under pressure over rising demand concerns around Chinese demand. A recent string of weak data out of China has put fresh focus on downturn risks. Last week, it was hoped that a top-level government meeting would result in fresh stimulus measures being announced to help buffer the economy. However, with the meeting passing without any fresh stimulus announcements, sentiment remains weak and copper has continued to sell-off as demand forecasts get scaled back further. Industrial data has been softening over recent months while inventories data has been rising, reflecting weakening demand.

Info selengkapnya disini : Copper Breaks Key Support As Sentiment Weakens | Tickmill

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