On the 15th, copper prices rose slightly, and the spot price was 71,535 yuan/ton, up 0.09% from the previous day. lme copper weakened, opening at $9,760 in the morning, and then the price weakened, down 0.60%. Today, the main Asian market of Shanghai copper rose, opening at 71,410 yuan in the morning, and finally the price weakened, reaching 70,670 yuan at the lowest and closing at 70,830 yuan. The US retail sales data performed well, and the London copper closed up $118 the next week. Electricity curtailment continues to affect, domestic downstream supply and demand are weak, copper social inventories have reached a new low, and copper prices are still supported. It is expected that short-term copper prices will still be dominated by shocks and fluctuations.

Related listed companies: Jiangxi Copper (600362), Tongling Nonferrous Metals (000630), Yunnan Copper (000878).

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