COMEX Copper hovers just above one-week low as China's industrial output data caps losses

Copper futures eased near one-week low as steady economic cues from China capped losses for the red metal. China's industrial production rose 6.3% on year in the combined January?February period of 2026, accelerating from a 5.2% growth in December. This prevented losses in the commodity amid mixed cues from equities. COMEX Copper futures are currently quoting at $5.77 per pound, up 0.23% on the day. MCX Copper futures are trading at Rs 1175 per kg, down 1% on the day after testing a low of Rs 1170 per kg. Meanwhile, in equities, China's Shanghai Composite index fell 0.26%, adding to recent losses. Hong Kong?s Hang Seng index gained 1.45% on bargain hunting. Japan?s Nikkei average eased 0.13%. European stocks eased around half a percent. The US stocks saw mixed moves on Friday as an early relief rally faded. The Dow fluctuated near the flatline, while the S&P 500 and Nasdaq Composite fell marginally.

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