Analysts pointed out that the non-farm payrolls report released by the United States last week was better than the optimistic expectation of economic recovery, which was beneficial to the international copper price, and the infrastructure construction plan announced by US President Biden also meant that the demand for copper increased.
In addition, the widening gap between supply and demand of copper mines also supported the sharp rise in copper prices. According to the data of the World Bureau of Metals Statistics, in 2020, the global refined copper output was 23.94 million tons, up 2% year-on-year, and the global demand was 25.33 million tons, up 6. 1% year-on-year. The global copper market gap is 1, 396,5438+0,000 tons, which is nearly 1 0,000 tons more than the gap of 383,000 tons in 2065,438+09.
Extended data
According to the Nonferrous Metals Industry Association, the industry is at its best in more than a decade:
Recently, a number of companies in the A-share non-ferrous sector released last year's financial report and the first quarter of this year's performance forecast, and their net profit increased substantially. The relevant person in charge of China Nonferrous Metals Industry Association said: The nonferrous metals industry is in the best situation for more than a decade.
According to the statistics of China Nonferrous Metals Industry Association, in the first two months of this year, the output of ten commonly used nonferrous metals exceeded 6,543,800,000 tons, up 654.38+00.6% year-on-year. In terms of price, after the shock retracement in March, Shanghai Nonferrous Data showed that the domestic copper price soared 1.245 yuan/ton on April 6, and the average price reached 67 1.30 yuan/ton.