Copper prices fell slightly on September 2

1、 Trend analysis

As shown in the figure above, the spot copper price fell slightly on September 2, and the current quotation is 69466.67 yuan / ton, down 0.67% from the previous trading day. Small Non-agricultural enterprises in the United States were less than expected, and the metal fell overnight. Chile’s mining industry has passed the mining tax bill, which will significantly increase the effective tax rate and affect mining investment. The third batch of domestic dumping and storage will arrive at the plant as soon as next week, which is lower than the market price, which is conducive to reducing the cost of downstream enterprises. The reduction in output caused by power restriction can be further compensated, the market supply pressure is relieved, and the copper price drops slightly.

Forecast: the copper price fell slightly due to the impact of throwing reserves and macro bad. In the traditional peak season in September, the demand is expected to be better, and the short-term high shock trend of the pre price copper price is mainly.

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