Copper trading range for the day is 305.5-314.1. Copper dropped weighed down by a stronger dollar, the potential for a U.S. interest rate increase next month and worries about lacklustre demand.
Demand weakness was indicated by an increase in LME copper inventories, which rose by 1,750 tonnes and are up 10 percent since the end of March.
Chinese consumers are mixed on copper’s demand growth prospects in the second half and expect any forays above $5,000 per tonne to be short-lived.
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