Copper Prices Hold Steady Near Key Support Levels
Copper futures have reached a record high of $6.83 per pound on Comex before retreating, according to recent data.
The current price of copper stands at $6.762, with traders monitoring tight Shanghai inventories and US rate expectations for market movement.
Tightness in Shanghai supplies is partially offsetting the pressure from a recent Federal Reserve rate hike, but seller momentum still dominates copper trading.