COMEX Copper futures hit a one and half week near $3.70 per pound on sustained buying as traders eyed broad demand trends. The global copper market recorded a deficit of 341 kt in January to June 2022 which follows a deficit of 283 kt in the whole of 2021. Reported LME stocks (including off warrant stocks) at the end of June 2022 were 48 kt higher than at the end of December 2021. Net deliveries into Shanghai warehouses were 19.0 kt and Comex stocks increased by 9.5 kt.Powered by Commodity Insights
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