1、 Trend analysis
As shown in the figure above, copper prices fell slightly on the 8th, with the spot price of 70765 yuan / ton, down 0.52% from the previous day and up 1.19% from the beginning of the year. Since the beginning of this year, copper prices have mainly fluctuated in a narrow range.
| Sulfamic acid |
Previously, the downward adjustment of the US dollar index weakened the pressure on the metal and stabilized recently. There is no obvious driving force on the fundamentals, the overall supply and demand are weak, and the price fluctuates in the range. At present, the macro situation has improved and the domestic interest rate has been reduced. In the past half month, LME copper inventory has continued to decline, falling to around 80000 tons, and the US dollar is still weak. It is expected that the copper price will maintain the range fluctuation.