Copper prices have experienced a downturn as anxieties surrounding demand from China, a key consumer, intensified. Recent economic data emanating from China has fueled uncertainty regarding the robustness of its economic rebound, thereby influencing market sentiment.

Analysts are closely scrutinizing global economic indicators to gauge future market movements. The price decrease reflects broader concerns about the stability of global demand for industrial metals.

Factors contributing to the price decline include:

• Weaker-than-expected manufacturing data from China
• Concerns about the property sector in China
• Global economic uncertainty

Market participants are adopting a cautious stance, awaiting further clarity on the trajectory of the Chinese economy and its implications for commodity demand.