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lme copper prices pepe unchain Bnb Eth XRP aave Bitcoin crypto futures

How many contracts did LME copper trade on Aug 11?

The total net long position in LME copper rose to 9,488 contracts on Aug. 11, the highest since Feb. 10, data provided in the Commitments of Traders Report showed.

Why did London copper prices pull back?

LONDON, Aug 24 (Reuters) - London copper prices pulled back on Thursday after five sessions of gains, as unease surrounding high interest rates curbing global growth offset optimism about an uptick of demand in top metals consumer China.

Why are copper prices so high in China?

China has been the core driver of copper pricing over the last two decades as the country built new cities and rolled out the infrastructure needed to power them. Booming domestic demand for industrial metals was coupled with rising exports of manufactured products as China became the world's workshop.

Why is the copper price indicator so misleading now?

In addition, the indicator may be particularly misleading now because more copper is now traded outside of the futures exchanges and directly between counterparties.

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