Shanghai copper falls on weaker Chinese demand, profit-booking
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Shanghai copper prices fell 1.96% to 98,490 yuan per metric ton due to profit-taking and weaker demand in China. The decline follows record highs and is part of a broader risk-off sentiment among investors. The Yangshan copper premium decreased to $53 a ton, indicating reduced appetite for imported copper. Other metals showed mixed performance, with tin dropping 4.84% and nickel rising 3.71%. Investors are also closely watching the U.S. Federal Reserve's actions amid ongoing market volatility.
Source: Reuters The copyright of this article belongs to the original author/organization.
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