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the copper price has stabilized after falling about 1,000 yuan.
2020-5-15

As China is a big copper country, its domestic supply of recycled copper continues to be tight and the stock of electric copper in stock continues to fall, the copper price has stabilized after falling about 1,000 yuan. SHFE copper futures Friday delivery cycle funds are mostly on the wait-and-see mentality and are waiting for the news of next week's NPC and CPPCC sessions, while recycled copper is again slightly premium due to the fall in price. Judging from the current situation, it is the consensus of the market that foreign epidemics affect the economy, and the gradual resumption of deregulation in some countries is also conducive to the development of the market. It is expected that the subsequent copper market will continue to consolidate and wait around 200 US dollars under the influence of the long and short supply.

 
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2025-6-30
Item
SHFE
Change
Cu
81550
-19264
Al
94290
-10194
Zn
43633
+769
Item
LME
Change
Cu
90625
-650
Al
345750
+550
Zn
117475
-1750
Ni
204006
-288
2023-5-15
1 USD=
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7.8800
Inverse:
0.12690
1 GBP=
8.6373
Inverse:
0.11578
1 AUD=
5.2589
Inverse:
0.19015
   
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