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Bear funds flex muscles on copper as macro outlook darkens | Hellenic Shipping News Worldwide

Hedge funds are turning increasingly bearish on the copper market amid mounting evidence that global manufacturing activity is starting to stall. Bears now outnumber bulls on the CME copper contract for the first time since May 2020, when the copper price was just starting to recover from the first wave of COVID-19 lockdowns. Lockdowns are ...
United States United Kingdom City Of Susan Fenton London Metal Exchange European Union

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Funds still wary of shorting super tight copper market | Hellenic Shipping News Worldwide

A slowdown in Chinaโ€™s manufacturing sector is casting an ever larger shadow over the copper market. The countryโ€™s official purchasing managers index (PMI) was 49.2 in October, down from 49.6 in September and the second straight month of contraction. Environmental curbs, energy rationing and higher raw material prices are combining as a powerful brake on ...
Pusan Gwangyoksi South Korea United States City Of United Kingdom South Korean

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