The US copper market began trading in the red on Monday April 22, with market participants bearish despite a softer dollar and growing optimism of a breakthrough in American and Chinese trade talks.
The copper price for May settlement on the Comex division of the New York Mercantile Exchange inched down by 1.8 cents to $2.902 per lb. "Risk sentiment has had a negative start despite reports China and the United States have set a tentative timeline for the next round of face-to-face trade discussions, which authorities are considering stimulus for the auto market," Fastmarkets MB analyst James...