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the copper price has stabilized after falling about 1,000 yuan.
2020-5-15

As China is a big copper country, its domestic supply of recycled copper continues to be tight and the stock of electric copper in stock continues to fall, the copper price has stabilized after falling about 1,000 yuan. SHFE copper futures Friday delivery cycle funds are mostly on the wait-and-see mentality and are waiting for the news of next week's NPC and CPPCC sessions, while recycled copper is again slightly premium due to the fall in price. Judging from the current situation, it is the consensus of the market that foreign epidemics affect the economy, and the gradual resumption of deregulation in some countries is also conducive to the development of the market. It is expected that the subsequent copper market will continue to consolidate and wait around 200 US dollars under the influence of the long and short supply.

 
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2024-4-25
Item
SHFE
Change
Cu
300045
+322
Al
228537
-3228
Zn
131747
+4113
Item
LME
Change
Cu
120400
+175
Al
494875
-1675
Zn
254500
-600
Ni
77622
+744
2023-5-15
1 USD=
6.7021
Inverse:
0.14921
1 EUR=
7.8800
Inverse:
0.12690
1 GBP=
8.6373
Inverse:
0.11578
1 AUD=
5.2589
Inverse:
0.19015
   
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