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Copper Slipped After China’s Central Bank Held Policy Rates On Medium-Term Loans.
Copper experienced a marginal decline of -0.42%, settling at 720.15, influenced by China’s central bank decision to keep key policy rates on medium-term loans steady.
The market’s attention also turned to China’s property market concerns, while diminishing inventories provided some support to copper prices. As China emerges from the Lunar New Year holiday, traders will closely monitor signals of demand over the next couple of months, particularly during the seasonally strong period preceding the summer construction season.
