Copper price analysis in international and domestic market

In the international market:

On October 28, most of the London base metals closed down. LME copper futures fell by 0.48% to $9,556 per ton. This indicates that copper prices in the international market had shown a certain downward trend on the previous day. This decline may be affected by a combination of various factors, such as the uncertainty of the global economic situation and changes in market expectations for copper demand.

In the domestic market:

Supply situation: The expectation of subsequent imported copper is still strong. Imported sources attracted by the opening of the import window in the early stage are arriving one after another, which may bring certain pressure on the supply in the domestic market.

Demand situation: Downstream consumption is difficult to have a significant improvement. Downstream enterprises have a strong wait-and-see sentiment and basically focus on just meeting essential needs. Currently, it is the end of the month, and the market trading activity is relatively limited, and the room for consumption recovery is limited.

Market sentiment and trading atmosphere:

The overall market transaction is relatively flat. Investors and traders have low trading enthusiasm and are mostly in a wait-and-see state. Due to the unclear trend of copper prices in the near future, market participants have certain differences in their views on the future trend of copper prices, which also leads to a more cautious trading atmosphere.

Influence of macroeconomic factors:

The macro environment has weakened compared to the previous period. The continuous attention of Federal Reserve officials to inflation and their cautious attitude towards interest rate cuts have caused market risk aversion to continue to retreat and the US dollar to strengthen in fluctuations, which has put certain pressure on copper prices.

 

In general, copper prices may maintain a volatile trend in the short term. The market needs to pay attention to changes in the domestic and international macroeconomic situation, the supply and demand situation of copper, and the sentiment of market participants. These factors may all have important impacts on copper prices.

In the international market:

On October 28, most of the London base metals closed down. LME copper futures fell by 0.48% to $9,556 per ton. This indicates that copper prices in the international market had shown a certain downward trend on the previous day. This decline may be affected by a combination of various factors, such as the uncertainty of the global economic situation and changes in market expectations for copper demand.

In the domestic market:

Supply situation: The expectation of subsequent imported copper is still strong. Imported sources attracted by the opening of the import window in the early stage are arriving one after another, which may bring certain pressure on the supply in the domestic market.

Demand situation: Downstream consumption is difficult to have a significant improvement. Downstream enterprises have a strong wait-and-see sentiment and basically focus on just meeting essential needs. Currently, it is the end of the month, and the market trading activity is relatively limited, and the room for consumption recovery is limited.

Market sentiment and trading atmosphere:

The overall market transaction is relatively flat. Investors and traders have low trading enthusiasm and are mostly in a wait-and-see state. Due to the unclear trend of copper prices in the near future, market participants have certain differences in their views on the future trend of copper prices, which also leads to a more cautious trading atmosphere.

Influence of macroeconomic factors:

The macro environment has weakened compared to the previous period. The continuous attention of Federal Reserve officials to inflation and their cautious attitude towards interest rate cuts have caused market risk aversion to continue to retreat and the US dollar to strengthen in fluctuations, which has put certain pressure on copper prices.

 

In general, copper prices may maintain a volatile trend in the short term. The market needs to pay attention to changes in the domestic and international macroeconomic situation, the supply and demand situation of copper, and the sentiment of market participants. These factors may all have important impacts on copper prices.