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Copper teetering in commodities trading

18th July 2014

Copper could be set for a fall from grace in commodities trading with concerns growing about the health of the Chinese property sector

Alarm bells rang out yesterday on the London Metal Exchange when the Huatong Road and Bridge Group indicated it may not be able to pay back a $65 million debt that's due next week, suggesting that the construction sector might not be as robust as it once was.

This isn't the first copper-related issue to scare the horses in commodities trading, but it could be the straw that ends up breaking the camel's back and giving the market’s bears all the more reason to sell their red metal futures.

A fall in demand isn't the only thing that could take copper back down below $7,000 a ton in London, with Anglo American reporting higher ore output for the first half of the year. By the close on the LME, three-month copper was priced at $7,067.50 a ton.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.