Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
30 April 2025 | Other

Copper prices in China lowered after four-week high due to manufacturing slowdown

Copper
Copper prices in China lowered after four-week high due to manufacturing slowdown

The downfall of activity at China’s facilities led to a decline in copper prices after it had reached record levels in April. It illustrates the impact of trade tensions between the US and China.

Over the past few weeks, the cost of the red metal reached the maximum values, due to the increase in the key supply premium and the reduction of inventories in China. As Bloomberg notes, it was influenced by a shortage of scrap, a surge in demand from the country's renewable energy sector, and the effects of hasty shipments of metal to the United States.

During morning trades, copper fell 0.6% below  $9,420 per ton. At the same time, the Chinese Manufacturing PMI fell to 49, down from 50.5 in March.

Elizaveta Kuzmicheva MarketCheese

Recommended

United States. CFTC Copper speculative net positions. The value of the indicator has decreased from 48K to 37.5K
Yesterday at 7:46 PM
United States. CFTC Copper speculative net positions. The value of the indicator has decreased from 51.7K to 48K
20 March
United States. CFTC Copper speculative net positions. The value of the indicator has decreased from 57.7K to 51.7K
13 March
South Africa. Mining Production. The value of the indicator has increased from 2.8% to 4.6%
12 March
European Union. CFTC EUR speculative positions. The value of the indicator has decreased from 21.1K to 9.3K
Yesterday at 7:47 PM
Top news
European Union. Manufacturing PMI. The value of the indicator has increased from 50.8 to 51.4
24 March
European Union. Trade Balance. The value of the indicator has decreased from 11.2B to -1.9B
20 March
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
19 March
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
19 March
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
19 March
All news

Forecasts

AUDCAD buy
Period: 30.04.2026 Expectation: 1100 pips
Buying AUDCAD from support zone
FA Other Indicators and reports Hot news Indicators
Yesterday at 11:24 AM 21
Reed_Marcus
Brent sell
Period: 03.04.2026 Expectation: 920 pips
Brent crude is poised to dip further on rising selling pressure above $106.00
TA Other Technical analysis FA Other Indicators Fundamental analysis
Yesterday at 10:45 AM 40
Lyra_Moonwell1
USDCAD buy
Period: 03.04.2026 Expectation: 950 pips
USDCAD gains ground on risk aversion and soft Canadian data
Technical analysis Indicators and reports Hot news Indicators Fundamental analysis
Yesterday at 09:34 AM 24
Emily_Foster
GBPUSD sell
Period: 31.05.2026 Expectation: 3500 pips
GBPUSD selloff takes hold as UK inflation expectations soar
FA Other Indicators and reports Chart analysis Hot news
Yesterday at 08:46 AM 16
Sinclair_John
GBPUSD sell
Period: 30.04.2026 Expectation: 1400 pips
Selling GBPUSD down to 1.3200
TA Other FA Other
Yesterday at 07:12 AM 15
Bruce_Powers
S&P 500 buy
Period: 30.04.2026 Expectation: 1300 pips
Investing in SPX from $6,640
TA Other FA Other
Yesterday at 03:30 AM 17
Bruce_Powers
Go to forecasts