It means that the demand for copper downstream is increasing, and the probability of copper price rising in the future is higher, but it depends on whether the change of copper inventory is short-term or phased, and it is difficult to explain the problem in a day or two.

There are many reasons for the decrease of inventory, which will also lead to different results.

First of all, you need to know the reason for the decrease. Has the output decreased? Is the demand increasing? There's still an emergency.

But on the whole, the reduction of inventory is beneficial to the price, which means that it is one of the factors of price increase.

But whether it can cause the price to rise is also closely related to other aspects of the subject matter, such as external prices, foreign exchange, interest rates and so on.

Like this big market, it is mainly caused by the decline of international crude oil, and the fundamentals of the theme itself have gone astray.

In other words, the previous plunge was not a change in the fundamentals of a commodity, but had a strong negative impact on the entire commodity futures.