Copper sedated as China's copper concentrate imports slip around 3% this year

COMEX Copper futures rose modestly and held around two-week high above $6.70 per pound but gains were limited as markets eyed mixed cues from global equities and tepid Chinese Copper imports. According to the latest data from the General Administration of Customs, China's copper concentrate imports in September 2026 were 2.482 million tonnes, down around 1% on month and down 4% on year. From January to September 2026, cumulative copper concentrate imports totaled 21.974 million mt, down 2.9% YoY.

Meanwhile, In Asia, Shanghai Composite Index tanked 0.88% to test lowest in more than two months. In Hong Kong, the Hang Seng index eased 0.13%. Japan’s Nikkei average fell marginally by 0.05%. European stocks moved up with major indices adding around half a percent. US stocks eased on Tuesday as investors assessed September quarter earnings from major banks, while a selloff in memory chip shares weighed on technology stocks.

MCX Copper futures are trading at Rs 1418.40 per kg, up 0.12% on the day.

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