Base Metals Preview: Copper Futures Under $3.60 Mark

18 Aug 2022 , 09:05 AM

Copper prices continue to stay under pressure in early Asia on Thursday tracking large decline in equities. US stocks ended firmly in negative territory with all major averages tilting to the downside. The Dow fell 171.69 points or 0.5 percent to 33,98.32, the Nasdaq slumped 164.43 points or 1.3 percent to 12,938.12 and the S&P 500 slid 31.16 points or 0.7 percent at 4,274.04. However, a persistent fall in copper inventories is seen limiting sharp fall in copper prices. COMEX copper was quoting marginally lower at $3.58 per pound. Powered by Commodity Insights