Copper Rises Despite China’s Deflation
Copper Analysis
Copper started the week on the back foot, amidst risk-off sentiment, partly fueled by China's further exports and imports decline. The stream of poor Chinese data continued today, as consumer inflation fell below zero in July and producer prices remained in deflation territory. The string of poor data over the past few months, points to weak Chinese recovery, one the world's top consumers of copper with its important real estate market.
However, authorities have already extended policies to support the property sector [1] and have pledged to prop the economy, while today's data seem to create hopes for further stimulus. As such, Copper rises today, despite the poor inflation report.
This keeps the August highs in play, but fresh catalyst will be required for further gains and we are cautious at this stage around the ascending prospects. Copper is in tough spot while below the EMA200 and exposed to the ascending trendline form the 2022 lows, although sustained sub-3.543 weakness has a higher degree of difficulty.
Nikos Tzabouras
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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| Retrieved 17 Apr 2026 https://english.www.gov.cn/news/202307/11/content_WS64aca4ffc6d0868f4e8ddac0.html |
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