Copper Prices Rise on China Demand Recovery Amid US Fed Caution

Copper prices have been rising due to signs of active demand recovery in China markets. The metal rose by 0.64% to ₹1,374.35, supported by Chinese buyers replenishing inventories after a recent price decline.

The Yangshan copper premium has increased by 7% to $118 per tonne, its highest level in almost four years. However, traders remain cautious ahead of the US Federal Reserve interest-rate decision.

China's unwrought copper and copper product imports declined to 382,000 tonnes in August from 425,000 tonnes in July, while January-August imports fell 6.7% year-on-year to 3.30 million tonnes.

Copper concentrate imports also decreased to 19.49 million tonnes during the first eight months from 20.06 million tonnes a year earlier.