Prices in the US copper market continued to push upward on Thursday March 28, with macroeconomic data outweighing recent growth in market participants' bearish speculative positioning.
The copper price for May settlement on the Comex division of the New York Mercantile Exchange inched up by 1.15 cents to $2.8745 per lb on Thursday.On the technical side, the net speculative length has declined markedly in recent weeks to only 6% of open interest, suggesting that speculative sentiment has...