Copper is seen as a leading indicator of economic health because of its use in many sectors.
At the moment, prices are falling even though there's little indication of demand falling sharply or supply increasing, said Daniel Hynes of ANZ.
But James Kan, head of Asia basic materials research at UBS, said Covid curbs in China could dampen demand for industrial commodities despite Beijing's plans to stimulate its economy through infrastructure. Falling copper prices suggest that investors are negative on the outlook for the economy, a commodity strategist at ANZ bank said.
At the moment, prices are falling even though there's little indication of demand falling sharply or supply increasing, said Daniel Hynes of ANZ.
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