Copper prices experienced a downturn following the release of weaker-than-expected economic data from China. The data raised concerns about the strength of demand from the world’s largest consumer of the industrial metal.

Analysts are closely monitoring economic indicators from China, as they significantly influence global commodity markets. The recent figures have fueled worries about a potential slowdown in Chinese economic activity, impacting copper consumption.

Factors contributing to the price decline include:

• Lower-than-anticipated manufacturing output
• Decreased investment in infrastructure projects
• Concerns about the property market

The price drop reflects broader market sentiment regarding the health of the Chinese economy and its implications for global commodity demand. Market participants are awaiting further data releases and policy responses from the Chinese government to assess the future trajectory of copper prices.