In the global futures market in 2009, non-ferrous metals have been leading all kinds of commodities and are well-deserved stars. Among various nonferrous metals such as copper, aluminum, zinc and lead, copper is the dominant variety. In 2009, copper prices basically rose steadily along the upward trend line, during which there was little deep correction.

As the most mature futures product in the domestic commodity futures market, Shanghai Copper Futures attracted more than 90% spot traders to participate actively in 2009, and it was precisely because of the fierce capital game among producers, processors, traders and speculators that the objective and authoritative market pricing of Shanghai Copper Futures was formed. On June 5, 2009, 5438+1October 5, 2009, Shanghai copper futures went out of the bottom area near 23,000 yuan/ton on the first trading day of that year, with an increase of more than 1000 yuan/ton, which laid the foundation for the strong upward trend of prices throughout the year. By the end of 2009, the price of Shanghai copper futures has risen to 60,000 yuan/ton. On the monthly chart, 12 months has 1 1 k line, and the upward trend of copper price is amazing.

In the first half of 2009, the acquisition of China Storage, the boost of 4 trillion investment to market confidence and the loose monetary policy in the world were the main driving forces for copper prices to get out of the bear market quagmire in 2008 and re-enter the bull market. In the second half of 2009, the weakness of the US dollar, inflation expectations and the sharp recovery of China's demand pushed copper prices to rise rapidly. By the end of 2009, the price of Shanghai copper futures has approached 60,000 yuan/ton. It is expected that the copper price of 20 10 will continue to rise, and the rising target will be further seen in the range of 70,000-80,000 yuan.