1、 Trend analysis
As shown in the figure above, copper prices rose slightly on the 1st, with the spot price of 73670 yuan / ton, down 0.03% from the previous day, up 5.35% from the beginning of the year and up 12.4% year-on-year.
Oil prices fell and copper fell slightly by 0.04% overnight. China’s PMI performance is lower than expected, and the government is expected to introduce more positive policies to boost the economy. Although there may be some tension in the current negotiations between Russia and Ukraine, it has not been finalized. The domestic epidemic has impacted both sides of supply and demand, and multiple factors have added uncertainty to the current copper price. Copper prices remained high and fluctuated mainly.
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