1、 Trend analysis
As shown in the figure above, the spot price of copper fell by 10.00% compared with the price of 7209 tons at the beginning of the year, a slight decrease of 1.00% compared with the previous day.
The Shanghai nickel incident has had a certain impact on the market. Major exchanges have issued relevant regulatory measures, and the market sentiment has changed. Oil prices plummeted, and copper fell 3.46% overnight, falling below the 10000 yuan mark. Lun Ni’s suspension of trading has heated up the market’s cautious mood, and the weakness of Shanghai copper and the lack of bright spots in domestic downstream consumption. With the gradual release of market instability, prices will gradually stabilize. Copper prices are expected to be weak in the short term.
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