Copper Prices Moved Lower As Ultra Tight Stocks Were Overshadowed

Copper trading range for the day is 459.1-472.3.

Copper prices moved lower as ultra-tight stocks were overshadowed by a contraction in China manufacturing.

LME copper stocks, excluding metal awaiting load-out, currently total a meagre 21,600 tonnes, the lowest since 2005.

China imported a record amount of refined copper last year, 3.75 million tonnes, and the country's appetite showed no signs of diminishing in January.

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