Copper futures gapped lower at the open with heavy two-way trade driven by supply and demand dynamics. March Copper futures gapped 1.91% to the downside, eventually reaching an intraday low of 5.8095. Global supply concerns weighed on the market as Comex copper inventories surpassed 500,000 tons and Shanghai futures Exchange stockpiles reached a record seasonal high. As the world's largest consumer of industrial metals, the surge in supply in China reflects on the state of its industrial economy. However, Copper futures found support as the U.S. dollar fell to its lowest level since February 23, 2022, making the metal more affordable for foreign buyers.