1、 Trend analysis
As shown in the figure above, copper prices fell slightly on the 8th, with the spot price of 72970 yuan / ton, down 2.73% from the previous day and up 4.35% from the beginning of the year.
U.S. stocks fell heavily, and the high level of copper fell overnight, closing down 2.69%. Although the negotiations between Russia and Ukraine have no substantive results, the logistics and transportation have been eased, the domestic demand is weak, and the imported copper has suffered a significant loss. In terms of monetary policy, it may be a foregone conclusion that the Federal Reserve will raise interest rates by 25 basis points in March. Copper prices continued to strengthen, curbing downstream consumption, and the trend of domestic inventory base continued. It is expected that the overall short-term copper price will be weak and dominated by operation.
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