9,006.55 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
34.29 USD USD USD
37.25 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.62 TRY Interest Interest
72.99 USD Fossil Oil Fossil Oil
33.70 USD Silver Silver
4.35 USD Copper Copper
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375.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,067.38 TRY Gold (gr) Gold (gr)

Copper prices fell under the influence of Middle Eastern events

The dynamics of copper quotations remained multidirectional due to the influence of macroeconomic and political factors.

Copper prices fell under the influence of Middle Eastern events

Continued geopolitical tensions in the Middle East and rising oil prices contributed to the outflow of investment demand in the metals market. At the same time, maintaining an elevated key rate in the United States has a negative impact on long-term market forecasts. However, the probable completion of the hawkish cycle in US monetary policy is contributing to the growth of investment demand and supporting copper quotes.

On the London Metal Exchange (LME), the average price for copper decreased by $25/t compared to the previous period, to $7,908/t. However, during the week the dynamics of quotes were multidirectional. Compared to last week, copper prices on the LME rose by $46/t to $7,937/t.

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