Why Copper Prices Are on the Way to a New High

The video discusses market trends, focusing on whether a new all-time high has been reached and the potential for further rallies. It emphasizes the importance of microeconomic factors over macroeconomic ones in the short term, particularly due to cyclical biases and rate changes. Speculative positioning is not at its peak, suggesting room for price increases. Stockpiles in Shanghai are rising, and the ARB window for Shanghai LME is closed, indicating possible shifts in demand and inventory levels.

What recent changes in the export window for Shanghai LME are discussed?

What does the text suggest about the new Ind contract in China compared to the LME price?