1、 Trend analysis
As shown in the figure above, the copper price fell slightly on the 15th, with the spot price of 67263.33 yuan/ton, 0.62% lower than the previous trading day and 5.97% lower than the same period last year.
In the near future, the US Federal Reserve’s expectation of interest rate increase slowed down, the domestic real estate expected to improve, and the epidemic prevention and control optimization led the rebound. After the good news is gradually digested, the transaction will return to the fundamentals. Fundamentals, supply, loose supply of copper concentrate and continuous increase of TC; The new production capacity of refined copper in China has been put into operation, but under the disturbance of maintenance, the output has increased but is weaker than expected; LME decided not to prohibit Russian metal delivery. Demand and downstream orders decreased, while copper prices pulled up and restrained procurement. It is expected that the short-term copper price will fluctuate slightly.
| Sulfamic acid |