BC Copper Futures Supported by Tariff Speculation, Geopolitical Tensions
In copper futures market today,players kept eyes on possible U.S. import duty changes and rising geopolitical tensions . Together,these factors pushed up BC copper contract prices, fueling an upward trend .
The 2607 BC copper futures contract finished 0.52% higher,closing at 94,570 yuan per metric ton. Prices swung through session but ended up.
Washington laid out new guidelines on import duties for copper,aluminum and steel. Copper cathode wasn't on list,yet traders speculated tariffs might rise later . Boosting bullish market vibes.
Meanwhile,risk aversion rose after Iran said talks with U.S. were on hold,though American officials denied it. Uncertainty made investors wary of U.S.-Iran diplomatic progress.
Intraday Dynamics and Trading Activity
2607 contract kicked off at 94,860 yuan per metric ton. Price hit 95,500 yuan early on before wild swings took over. Near end,prices slipped to 94,340…
