Related: Copper’s Rise Boosts Pair of ETFs
Of course, China looms large when it comes to copper demand and data suggest there are not copper supply issues in the world’s second-largest economy.
“In China, the world’s biggest copper buyer, there are signs that physical traders aren’t having trouble accessing supply. On the Shanghai Metals Market, the so-called Yangshan premium that buyers pay on top of the benchmark price was $65 a ton, down from this year’s high of $72, exchange data show,” according to Bloomberg.
Investors have added just $8 million to JJC in third quarter and the ETN has seen year-to-date inflows of just $2.29 million.
For more information on Copper ETFs, visit our Copper category.