Copper prices dropped in futures and spot markets on July 7, primarily due to the resurgence of conflicts in the Middle East, which revived inflation concerns and suppressed commodity prices.   Refined copper spot trading in China rose on July 7, as falling prices boosted downstream procurement. Mea

Price: Tax point increase narrows China's refined-scrap copper price spread China's weekly average refined copper price fell last week, dragging tax-exclusive copper scrap prices lower. However, tax-inclusive copper scrap prices rose week on week due to a higher copper scrap tax point in July, narro

Premium: Improved trading sentiment and holder price support lift spot premiums Early last week, trading sentiment in China's refined copper spot market was subdued as the half-year end was still in effect. Entering July, however, downstream buying interest picked up somewhat, and holders showed str

Copper prices in China fluctuated and edged lower last week. A strong U.S. dollar index and slowing trading activity around the half-year end pushed prices down on Wednesday and Thursday, dragging the weekly average lower. However, the U.S. dollar index later fell after weaker U.S. labor market data

Copper prices continued growing in futures and spot markets on July 6, amid positive macro factors and the firm fundamentals. Moving forward, strong fundamentals with sustained copper concentrate supply tightness and global refined copper inventory imbalance will provide a solid floor for copper pri