(20 Mar 2026, 17:46)

COMEX Copper down 5% this week

COMEX Copper futures stayed under stress amid weak equities and constant worries over demand outlook owing to the ongoing war. The counter currently trades at $5.46 per pound, down marginally on the day and has lost around 5% this week. The metal sank in tune with other industrial commodities yesterday and soaring LME Copper inventories are bound to cap upside. MCX Copper futures are trading at Rs 1118 per kg, up 0.54% on the day though as weak Indian Rupee pushed up local futures. INR tested record low of 93.75 per US dollar today. Meanwhile, in Asia today, China's Shanghai Composite index fell 1.21%, adding to recent losses. Hong Kong’s Hang Seng index shed 0.88%. Japan’s Nikkei average lost more than 3% and has lost more than 10% from its record high now. European stocks eased modestly ahead of weekend. The US stocks turned mostly lower during trading on Thursday with the Nasdaq hitting a six-month intraday low.

More News

(20 Mar 2026 18:14)
RBI Central Board of Directors assesses evolving geopolitical developments and their impact on financial markets
(20 Mar 2026 17:46)
COMEX Copper down 5% this week
(20 Mar 2026 17:29)
Rupee hit hard
(20 Mar 2026 17:27)
Soaring oil prices and widening trade deficit sends INR tumbling sharply beyond Rs 93 per dollar; Further downside likely

Tweets by CapitalMarket17

Live News

COMEX Copper down 5% this week