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Copper futures trade marginally lower on Monday

24 May 2021 Evaluate

Copper futures traded marginally lower on Monday after Chinese market regulators warned domestic industrial metal companies to maintain normal market orders following a strong rally. Further, rebound in US dollar index and growing inflation worries in United States also adding some downward pressure on red metal prices.

Copper futures for July delivery fell $0.0020 at $4.4790 a pound on the Comex metals division of New York Mercantile Exchange.Copper on the London Metal Exchange was down 0.3 percent at $9,853.50 a ton.