Take a look at the 30 day chart for copper and the 30 day COMEX stock from this site.
I use this site to check the prices of base metals but I'm not confident in what is causing the fluctuations in the copper price.
I assume its a basic supply and demand thing I thought that the copper price would increase when the COMEX stocks decrease, and the copper price decrease when the stocks increase. But when you compare the 30 day COMEX stocks with the 30 day copper price the opposite appears to be happening. Can someone explain this please I'm thinking there is a lot at play that I'm not taking into account.
Also the general pattern of the graph for the last 30 days is interesting that it is going up and down like that. What could that be suggesting