Pullback in Rate-Hike Expectations and Mismatch in Inventories Outside China Lift Copper Price Center [SMM Macro Weekly Review]

On the macro front, copper prices rose first and then fell this week, with the price center lifting WoW. US July nonfarm payrolls unexpectedly fell by 23,000, significantly weaker than expected; however, CPI fell to 3.4% YoY and core CPI de
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