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Commodity News Details
Base Metals Preview: COMEX copper up around 1% in early Asia
01-Jun-2026 08:11

COMEX copper is extending upside by around 1% to be trading at $6.46 per pound on Monday morning in Asia tracking positive cues from US equity futures and an improvement in China services sector. US stock futures moved modestly higher on Monday as June month began, with the major indexes remaining near record levels. Wall Street wrapped up a strong May performance, with the Dow advancing 2.79%, while the S&P 500 and Nasdaq Composite climbed 5.15% and 8.36%, respectively. Meanwhile, China's official NBS Non-Manufacturing PMI rose to 50.1 in May from 49.4 in the prior month, returning to expansion territory. The improvement was driven by stronger activity in both the services and construction sectors, amid ongoing policy support and infrastructure-related projects. Manufacturing PMI however edged down to 50.0 in May 2026 from 50.3 in the previous month.

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