Metal Matters: Bullish copper amid tighter China physical and supply pressure, $14,500/t0-3mth target maintained.-20260727
花旗·2026-07-27 22:02
Vi e w p o i n t | 27 Jul 2026 08:54:26 ET │ 14 pages Metal Matters +44-20-7986-4559 tom.mulqueen@citi.com Shreyas Madabushi AC +91-22-4277-5048 shreyas.madabushi@citi.com CITI'S TAKE We are constructive on copper in the coming weeks as signs of physical tightening emerge across China's physical market. We maintain our bullish $14,500/t 0-3 mth and $15k/t year-end target. Prices have held up over the last month despite some moderation in speculative positioning length and broader commodity weakness. While d ...