SunSirs: The Morning Post of Copper on December 12th

On the 12th trading day, London copper opened at 9,240 US dollars/ton, peaked at 9,314 US dollars/ton, and closed at 9,177 US dollars/ton; Compared to the previous trading day, it fell by 56.5 US dollars/ton, a decrease of 0.61%.

At the macro level, expected fluctuations are gradually receding, and the impact of Trump's policies on the future market is currently unclear. Recently, the market's expectations for the US interest rate cut process have significantly decreased, and copper prices have shown a range trend due to the weakening of macroeconomic fluctuations.

From a fundamental perspective, although raw material processing fees have rebounded compared to before, the overall gap still exists. The supply and demand of refined copper are relatively stable, and social inventory maintains a decreasing trend. However, the relatively weak overseas demand and difficulty in significantly reducing inventory have also affected copper prices.

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