Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
29 April | Other

Buyers’ activity on copper market in China reached its 16-mouth high

Copper
Buyers’ activity on copper market in China reached its 16-mouth high

The gauge of activity of Chinese copper market reached its maximum since the end of 2023. It happened due to the increasing willingness of buyers to secure future supply.

According to Shanghai Metals Market data, the key red metal supply premium in the region showed an increase from $35 per ton at the end of February to $95 on Monday. This sharp rise shows the current tension in the global copper market.

The threat to impose tariffs on this metal by the United States President Donald Trump stimulated an active flow of copper supplies across the ocean. At the London Metal Exchange (LME), in turn, the cost of the red metal returned to usual levels after the recent collapse caused by similar tariffs, imposed by the US side.

Meanwhile, the cost of the metal continues to rise today.

Anton Volkov MarketCheese

Recommended

United States. CFTC Copper speculative net positions. The value of the indicator has increased from 32.6K to 39.1K
21 November
United States. CFTC Copper speculative net positions. The value of the indicator has increased from 30.2K to 32.6K
20 November
China. Industrial Production (YoY). The value of the indicator has decreased from 6.5% to 4.9%
14 November
South Africa. Mining Production. The value of the indicator has increased from 0% to 1.2%
13 November
United States. PPI (MoM). The value of the indicator has increased from -0.1% to 0.3%
Today at 1:30 PM
Top news
United States. Retail Sales (MoM). The value of the indicator has decreased from 0.6% to 0.2%
Today at 1:30 PM
European Union. Manufacturing PMI. The value of the indicator has decreased from 50 to 49.7
21 November
United States. Nonfarm Payrolls. The value of the indicator has increased from -4K to 119K
20 November
United States. Unemployment Rate. The value of the indicator has increased from 4.3% to 4.4%
20 November
United States. Trade Balance. The value of the indicator has increased from $-78.2B to $-59.6B
19 November
All news

Forecasts

AUDUSD buy
Period: 02.12.2025 Expectation: 435 pips
Consider buying AUDUSD amid higher investor appetite and weaker dollar
Technical analysis Indicators and reports TA Other Indicators Fundamental analysis
Today at 11:03 AM 15
Lyra_Moonwell1
Gold sell
Period: 31.12.2025 Expectation: 5000 pips
Selling gold from $4,200 per ounce
FA Other
Today at 09:58 AM 20
McCarthy_Raymond
Tesla Inc buy
Period: 05.12.2025 Expectation: 4000 pips
Closing gap near $430 to confirm Tesla’s next leg higher
Indicators Chart analysis Hot news
Today at 09:38 AM 14
John_Bullard
Brent sell
Period: 30.04.2026 Expectation: 300 pips
Brent crude selloff with $60.0 per barrel in sight
Indicators and reports TA Other
Today at 06:51 AM 14
McCarthy_Raymond
BTCUSD buy
Period: 02.12.2025 Expectation: 7800 pips
Buying Bitcoin on positive news from US Fed
Technical analysis FA Other Indicators Hot news Fundamental analysis
Today at 06:51 AM 17
Emily_Foster
Silver sell
Period: 01.12.2025 Expectation: 1800 pips
Silver slides despite technical signals
Technical analysis TA Other FA Other Indicators Fundamental analysis
Yesterday at 10:34 AM 45
Lyra_Moonwell1
Go to forecasts