1、 Trend analysis
As shown in the figure above, the spot copper price fell slightly on September 15, and the current quotation is 69745 yuan / ton, down 1.11% from the previous trading day. US inflation data was lower than expected, and copper closed down $103 overnight. The threat of copper mine strike in Chile has decreased. At present, the overall supply side of copper mine has maintained a stable pattern, the short-term interference has been further removed, and the shortage of raw materials has been alleviated. In August, the domestic industrial added value fell to 5.3% lower than expected, superimposed on the national regulation on real estate, the short-term tight supply of refined copper continued to improve, the domestic refined copper smelting and processing fees continued to rise, and the copper price was under pressure in the short term. At present, the domestic inventory is low, which supports the price, but the downstream has limited acceptance of high copper price, and the price rise is difficult to sustain. Copper prices are expected to fluctuate in a narrow range in the short term.
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