On a macro level, after Trump took office again, investors' concerns about his tariff policies potentially dragging down the economy and the resurgence of inflation have intensified. Coupled with expectations of a recent slowdown in inflation indicators and hindered interest rate cuts, copper prices have come under pressure; And a 25 basis point rate cut at the end of the year may have become a market consensus. Unless the rate cut is higher than expected, the US dollar index may remain strong, and copper prices will continue to be weaker in the short term.
From a fundamental perspective, in November, due to maintenance and the shortage of cold materials, domestic refined copper production is predicted to decrease, copper prices have stopped falling at a low level, and rigid demand consumption remains resilient. Domestic social inventory continues to deplete, which is favorable for copper prices.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.