• Copper: The relief rally is running on fumes – TDS

Noticias del mercado

20 junio 2023

Copper: The relief rally is running on fumes – TDS

Copper's stimulus-relief rally is overdone, in the opinion of Daniel Ghali, Senior Commodity Strategist at TD Securities.

The set-up is ripe for consolidation in Copper markets

Chinese stimulus hopes have bolstered demand signals in recent days, but we now see risks of a resumed slump with demand expectations no longer consistent with recent history. Participants could be in for an unpleasant surprise as officials refrain from stoking leverage.

Without a game-changing stimulus package announcement, the set-up is ripe for consolidation in Copper markets.

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