Copper Eases On Shanghai Covid Scare

10 Jun 2022 , 02:31 PM

COMEX Copper stayed under stress as worries over Chinese Covid spread and nervous equities weighed on the markets. The key commercial city of Shanghai is once again facing strict lockdown due to a fresh Covid-19 outbreak. The decision was taken even as the Chinese metropolis struggles to fully emerge from severe two-month Covid restrictions. The Chinese government had recently announced to ease the Covid curbs after two months of strict lockdown but the current spurt in cases has triggered worries over the overall state of affairs in the major city. COMEX Copper futures are currently quoting at $4.37 per pound, down 0.14% on the day. MCX Copper is trading at Rs 785.25 per kg, down 0.27% on the day.Powered by Commodity Insights