The price of copper will vary according to the region and quality. The copper price in the market is about ten yuan and twenty yuan a catty. At present, the supply and demand of copper is still in a relatively stable situation, and the Shanghai copper warehouse is still at a high level in the same period of the country.
Changes of extended data copper supply and demand warehouse
1. From the supply side, the copper mine supply has entered a production reduction cycle, which is a long-term positive for the supply side. The long-term sharp decline in TC reached between domestic refineries and foreign miners can be verified. When the copper supply is loose, the miners are in a weak position, the refineries are in a strong position, and TC rises; On the other hand, when the supply of copper mines is tight, miners are in a strong position, refineries are in a weak position, and TC decreases.
2. In addition to verifying the shortage of copper mines on the supply side according to the change of TC, there is also chaos in Chile, South America, which is the largest copper supplier in the world. The chaotic situation can easily cause the concerns of suppliers, such as copper mining and transportation, which are illusory and real factors that can be speculated.
3. From the demand side, during the economic downturn, the national infrastructure began to exert its strength again, and the real estate problem seemed vague, so the demand prospect of copper improved in this case.
4. Except for the improvement of the demand prospect at the expected level, the macro data in the fourth quarter are basically more favorable than expected, and the excessively pessimistic expectation stage is falsified or corrected.
5. Looking at the changes of domestic warehouse receipts, the warehouse receipts of Shanghai Copper have obviously decreased compared with the first half of this year, but they are still on the high side in the same period in China.