1. Relationship between supply and demand: According to microeconomics, when the supply of a commodity exceeds demand, its price will fall, and vice versa.
2. Macroeconomics: Copper is an important industrial basic raw material, and its demand change is closely related to economic growth.
3. Trading direction of funds: Although the fund industry has a long history, it didn't flourish until the 1990s, and the degree of fund participation in commodity futures trading also greatly improved.
4. The price fluctuation of oil and other related commodities will also have an impact on copper prices: both crude oil and copper are important international industrial raw materials, and whether their demand is strong or not can reflect the quality of the economy.
5. Changes in the development trend of copper industry: consumption is a direct factor affecting copper prices, and the development of copper industry is an important factor affecting consumption.
6. Exchange rate fluctuation: Copper is a highly liquid commodity.
7. Import and export tariffs: Import and export policies, especially tariff policies, are an important means to control the import and export volume of commodities and balance the domestic supply and demand by adjusting the import and export costs of commodities.
8. Production cost of copper: Production cost is the basis of measuring commodity price level.
Tips:
① The above instructions are for reference only and do not make any suggestions. Related products are issued and managed by corresponding platforms or companies, and banks are not responsible for product investment, redemption and risk management.
(2) There are risks in entering the market, so investment needs to be cautious. Before making any investment, make sure that you fully understand the investment nature and risks involved in the product, and then judge whether to participate in the transaction by yourself after carefully understanding and evaluating the product.
Reply time: 202 1- 10-28. Please refer to the latest business changes announced by Ping An Bank in official website.