Copper curve flips into backwardation


  • Jason Goepfert

    Jason Goepfert

    Published: 2020-07-06 at 09:27:28 CDT

The spot price of copper has moved above the 3-month futures price, triggering backwardation. This is likely due to supply issues, but investors often believe it could also be due to a jump in economic demand. While it has not been a consistently good sign for copper itself, the stock market did have a tendency to rise after these episodes.


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