Commodities
Copper Prices Fluctuate Amid Macro Uncertainties
Copper prices continued to fluctuate in China's futures and spot markets on August 14, despite easing expectations of a U.S. Fed interest rate increase after core inflation data met forecasts.
The Middle East conflicts and other macro uncertainties weighed on market sentiment, keeping copper prices volatile.
In China, refined copper trading fell due to the approaching contract rollover and deep backwardation structure in near-month futures contracts.
Mysteel's clean copper concentrate spot treatment charge (TC) index stood at -$176.22/dmt as of August 14, continuing to fall week on week.