Copper Futures on the Comex Edge Lower, Snapping Winning Streak

Deep News03:00

A slight decline was recorded for copper futures on the New York Mercantile Exchange (Comex) on Thursday, with the front-month contract closing down 0.24% at $6.6870 per pound.

The August delivery contract fell by 1.60 cents per pound, marking a 0.24% drop. This decline represented the largest single-day move, both in dollar and percentage terms, since Wednesday, July 29, 2026.

Despite the loss, the settlement price was the second highest on record, though it ended a three-day winning streak. The closing price also ranked as the second highest level for the year so far.

The current price is 0.24% below the 52-week high of $6.7030, which was set on Wednesday, August 5, 2026. Compared to the 52-week low of $4.3785, reached on Thursday, August 7, 2025, the price has surged by 52.72%. This represents a gain of 52.72% from the same period one year ago.

In relation to 2026-specific benchmarks, the settlement price is 0.24% lower than the year's high of $6.7030 from Wednesday, August 5, 2026. It is 25.17% higher than the 2026 settlement low of $5.3425, which was seen on Friday, March 20, 2026. The price also sits 0.24% below the all-time high settlement of $6.7030, set on Wednesday, August 5, 2026.

Year-to-date, the front-month contract has accumulated a gain of $1.057, representing a rise of 18.77%. All calculations are based on the settlement price of the current front-month contract.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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