Live Updates > Live Update Details
2025-09-15 19:41:08
Copper Market "Surges": Speculators Enthusiasm Rises, Gold, Silver, and Palladium Take Profits. ⑴ The latest Commodity Futures Trading Commission (CFTC) data shows that as of September 9, speculators increased their long positions in COMEX copper futures for the fifth consecutive week, adding 3,320 contracts to a total of 37,971, the highest level since October 1, 2024. This move was primarily driven by a 3,365 increase in long positions to 49,808. ⑵ In contrast, precious metals markets showed signs of profit-taking. Fund managers reduced their net long position in COMEX gold by 2,445 contracts to 166,417. Net long silver positions also fell by 3,254 contracts to 37,768. ⑶ In the domestic market, data from the Shanghai Futures Exchange (SHFE) showed that inventories of most base metals rose this week. Copper inventories increased by 12,203 tons for the second consecutive week to 94,054 tons, the highest level since the week ending June 20, 2025. Zinc inventories rose by 7,617 tons for the eleventh consecutive week to 94,649 tons, the highest level since August 9, 2024. Aluminum and nickel inventories also rose. Only lead inventories fell slightly by 273 tons.
