iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Base Metals Preview: COMEX Copper Off Record High

9 Mar 2022 , 09:13 AM

COMEX Copper has eased after hitting all time highs above $5 per pound but is witnessing steady moves amid tight inventories and firm Chinese demand. Over January-February, Chinas imports of copper ore and concentrates grew by 10.2% on year to 4.18 million tonnes. The red metal also eyed a sustained drop in global Covid-19 cases and stayed supported despite weak equities. COMEX Copper futures currently quote at $4.74 per pound, up 0.77% on the day. The MCX Copper futures closed at Rs 842.25 per kg, down 0.14% on the day. in last session and should see a stable opening today.

Powered by Commodity Insights

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.