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Commodity Market Plunge: Copper and Natural Gas Prices Fall Sharply Amid Weak China Demand, Rising Global Stocks, and US Tariff Concerns
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Copper, Natural Gas Prices Plunge: China Demand Woes, Rising Stocks Drive Decline
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CNBC Awaaz
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26-02-2026, 16:01
Copper, Natural Gas Prices Plunge: China Demand Woes, Rising Stocks Drive Decline
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MCX Copper and MCX Natural Gas experienced sharp declines, with copper falling 1% and natural gas over 3%.
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Weak physical demand in China post-Lunar New Year and high SHFE copper inventory (highest since 2024) pressured prices.
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Rising global stockpiles in London and New York, alongside US tariff decision impacts, further weakened market sentiment.
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Natural gas prices dropped due to weak demand, warmer weather, and increased production in Lower-48 regions.
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Traders await EIA weekly data; estimated storage withdrawals are significantly lower, indicating softening demand.
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