S&P Global Platts: Copper Futures Hit 3 Year Low on Global Coronavirus Concern
February 28, 2020
February 28, 2020
NEW YORK, Feb. 28 -- S&P Global Platts, a subsidiary of S&P Global, issued the following news:
Copper prices in China broke Yuan 45,000/mt ($6419/mt) support on Friday as the market worried over coronavirus' reach beyond China, while demand in the domestic market remained low.
The most liquid copper futures contract listed on Shanghai Futures Exchanges closed at Yuan 44,390/mt ($6332/mt) Friday, a low not seen since December, 2016.
"Coronavirus . . .
Copper prices in China broke Yuan 45,000/mt ($6419/mt) support on Friday as the market worried over coronavirus' reach beyond China, while demand in the domestic market remained low.
The most liquid copper futures contract listed on Shanghai Futures Exchanges closed at Yuan 44,390/mt ($6332/mt) Friday, a low not seen since December, 2016.
"Coronavirus . . .