Copper Price Outlook
Copper prices increased in recent weeks, driven by lower supply out of China and a weaker U.S. dollar. On 11 September, the red metal closed the day at USD 6,770 per metric ton, which was up 6.1% from the same day last month. Moreover, the price was 10.1% higher on a year-to-date basis and was up 18.0% from the same day in 2019. Prices rose over the past month as recent data showed Chinese refined copper output fell over 5% in July compared to June. Additionally, weaker supply in China signaled the sleeping giant would be back to buying copper internationally, which further supported prices. Moreover, increased copper imports from China will likely be matched by increased purchases from Europe and the U.S. as the economic panorama continues to improve. Price gains were also the result of a weak U.S. dollar in recent weeks and tighter global supply, as satellite data revealed global copper smelting dropped to a two-year low in July.Copper Price History Data (USD per metric ton, aop)
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Copper | 5508.57 | 4871.3 | 6171.78 | 6527.31 | 6008.57 |
Sample Report
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Copper Historical Price Chart
Sample Report
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
© Copyright: 2020. | Copper Prices | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
