Copper Prices Gained Helped By A Weaker Dollar And Rising Global Stock Markets

Copper trading range for the day is 438.4-455.4.

Copper prices gained helped by a weaker dollar and rising global stock markets.

LME copper cancelled warrants, which often indicates physical demand, surged to their highest since September 2018 at 117,900 tonnes.

Yangshan copper premiums, paid on top of LME copper prices to import metal into China, were at $77 a tonne, their highest since November 2018.

Warehouse stock for Copper at LME was at 323550mt that is down by -6500mt.

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