JJCTF News and Press, iPath Bloomberg Copper Subindex Total Return Sub-Index ETN From 07/16/19

Copper processors feel pretty confident that the construction of all things will continue, whether this economic expansion is becoming long in the tooth or, not. While we measure the data in the Commitments of Traders in traditional ways, we also quantify the actions of the markets’ p...

In this brief note, we present our chart of the week, which shows the relationship between copper prices and Chinese credit dynamics. Source: Bloomberg As the chart above suggests, there is a clear positive co-movement between the year-on-year change in the LME copper price and the Chine...

Investment case The recovery in copper prices should be underpinned by increasingly tight refined market conditions in China. While the Chinese refined copper market loosened somewhat in Q1 on the back of weak demand conditions, it has tightened since Q2 thanks to a refined supply domestic r...

Despite the easing of trade tensions between the U.S. and China, OPEC production cuts and geopolitical tension in the Middle East, oil, base metals and gold prices are being weighed down by fears of worsening economic conditions in major economies. Kim Parlee talks with Bart Melek, Head o...

Copper is a base or nonferrous metal that is the leader of the industrial metals that trade on the London Metals Exchange. While aluminum is the most liquid metal that trades the highest volume, copper is the commodity that the world watches when it comes to analyzing the overall health and we...

Most base metals price rose overnight, led by nickel, which rose as much as 2.1% to $12,970 a ton in London, while Shanghai nickel jumped to 103,160 yuan ($14,985.69) per ton, notching a three-month high. More news on: iPath DJ-UBS Copper Total Return Sub-Index ETN, Invesco DB Base Met...

Freeport McMoRan ( FCX -3.1% ) and other base metal producers fall sharply as copper prices tumble to a three-week low under pressure from a stronger dollar even with trade talks resuming between the U.S. and China, settling -1.2% to $5,822/oz. on the London Metal Exchange after touchi...

Investment case Our bottom-up analysis of Chinese demand for refined copper shows that consumption disappointed markedly in the first five months of the year. However, we expect an improvement in the second half of the year, which in addition to increasingly tight supply dynamics, should t...

Investment case After a significant sell-off of nearly 10% in May, we expect the rebound in copper prices, which started this month, to continue in the coming months. We believe that the market focus will shift from (uncertain) macro to (tight) fundamentals. In this context, we hold that...

Global copper production should enjoy steady growth over the coming decade, according to Fitch Solutions, which foresees annual output rising an average 3.5% annual rate to 2028 with volume climbing to 28.7M mt from 21.4M mt during the period. More news on: iPath DJ-UBS Copper Total Retu...