US copper futures were easier in thin morning business on Tuesday, weighed down by a weaker tone in overseas markets as demand concerns tied to rising stockpiles limited the upside interest, traders said.
"It's really thin down here this morning. We opened outcry at $2.5850-$2.59 and have been here since. So there's not much going on," said one floor dealer. "Stocks were up pretty significantly yesterday and are back down today. So those flows in and out will continue to dictate direction," he added.
Copper for March delivery fell 0.95 cent at $2.5935 a lb. by 10:06 am EST (1506 GMT) on the New York Mercantile Exchange's COMEX division, dealing between $2.4850 and $2.6275. Spot January was down 1.30 cents at $2.58, a shade below its early peak at $2.5850. Volume at 9 am was estimated at a light 1,000 lots.
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