Factors affecting copper price A. International economic situation. The correlation between commodity market and economic situation is obvious, especially with the globalization of world economy, the correlation between commodity market and economy is stronger, so copper price is closely related to economic situation. The consumption of copper is mainly concentrated in developed industrial countries. The economic conditions of the United States, Japan, Western Europe and other countries have a great influence on copper prices. Generally speaking, when the economic situation is good, the demand for copper increases, and the price goes up, and vice versa. B. production in the producing country. Chile is the country with the richest copper resources in the world and the largest copper exporter. Zambia and Zaire in Central Africa are also important copper producers. Almost all the copper they produce is used for export, and their production has a great influence on the international copper market. The political situation in these three countries has been unstable, and labor disputes often break out, which also has a direct impact on copper prices. C. seasonal effects. The seasonal fluctuation of copper price is obvious, and it is lower every year 1 month and higher in August. The influence of industrial policy. Because copper is mainly used in power, electronics, construction, machinery, transportation and other industries, the national industrial policies for these industries have a more important impact on copper prices. E. the price of alternatives. Copper has always been an important raw material in the telecommunications industry. However, due to the popularization and application of optical fiber technology, the status of copper cable has been challenged. At the same time, metal materials such as aluminum have the same properties as copper and have replaced copper in most application fields. The impact of inventory. Inventory is one of the important factors affecting copper prices. Under different market conditions, enterprises will take different measures to increase or decrease inventory. In order to ensure the production of raw materials or speed up the flow of funds, the government will also use throughput reserves to stabilize the copper market in different periods. G. the impact of other policies and regulations. As the copper market is an international market with a large volume of international trade, increasing the import and export policies, exchange rate systems and efforts to crack down on smuggling in relevant countries will also have an impact on copper prices.