MCX Copper Update
Copper prices fell on Friday, weighed down by rising concerns over demand prospects in top consumer China following downbeat data and a lack of benchmark rates cuts, but the metal was on track for a weekly gain on tight supply expectation this year.
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China’s weaker loan data and plans to cut sector-specific interest rates instead of benchmark policy rates have raised concerns over the demand outlook.
China’s 2025 new bank loans slumped to a seven-year low, highlighting weak borrowing needs amid a prolonged property downturn.
Also, the central bank announced on Thursday cuts to sector-specific interest rates to provide an early boost to the economy, a move that tends to have a limited impact on growth.
China’s economic growth is likely to slow to 4.5% in 2026 and maintain the same pace in 2027, a Reuters poll showed.
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