1、 Trend analysis
| Thiourea |
As shown in the figure above, the copper price rose slightly this week. As of the end of this week, the spot copper price was 72576.67 yuan / ton, up 2.02% from 71136.67 yuan / ton at the beginning of the week and 20.35% year-on-year.
Copper weekly rise and fall chart
According to the weekly rise and fall chart of business society, in the past three months, it has risen by 5 and fell by 6 and 1. Recently, the overall trend of copper price is strong.
In terms of supply and demand: the mining end disturbs investors’ concerns about the tightening of global copper inventories. At present, there is no obvious driving force for the fundamentals, the overall supply and demand are weak, and the price fluctuates in the range. At present, the macro situation has improved, the domestic interest rate has been cut, the special debt has increased significantly, and the LME copper inventory has remained stable at a low level.
To sum up: with the resumption of enterprises after the festival, the downstream demand increases slowly. Tight supply supports copper prices. The short-term copper price shock is expected to be strong.
| http://www.thiourea.net |