I. trend analysis
As shown in the figure above, today’s domestic copper price is down slightly, while copper price is down slightly. The quotation is 47036.67 yuan / ton, 0.32% lower than the previous day, 2.33% lower than the beginning of the year, and 3.55% lower than the previous year.
II. Market analysis
| Azodicarbonamide (AC foaming Agent) |
On the basic level, there is interference at the mine end, copper mine is still tight, smelter has no maintenance, TC is slightly increased, refined copper supply is abundant, downstream consumption, grid investment is still expected, and demand will be improved. After the National Day holiday, the domestic community storage of refined copper continued to accumulate, and the inventory in the bonded area was still declining. On the macro level, the global macro situation is not good, causing demand side concerns.
III. future prospects
According to the above situation, copper analysts of nonferrous branch of business cooperation think that copper price lacks direction in short-term operation, and the price mainly fluctuates.
| ferric sulfate (Poly ferric sulphate) |