What are the factors that affect the trend of spot copper prices?

Updated on Financial 2024-05-19
4 answers
  1. Anonymous users2024-02-10

    1. The production cost of copper: From the perspective of micro economies, the production cost of copper is very important. The cost of production is the basis for measuring the level of goods.

    The production cost of copper includes the cost of smelting and the cost of refining. Copper production costs vary from mine to mine, and the most common economic analysis is to use the "cash flow cost of capital protection", which decreases as the value of the by-product increases. This is conducive to the development of copper enterprises, which will have an impact on copper prices.

    2. U.S. economic performance: Almost every day, important U.S. economic data is released to test the economic operation of the United States. If the released economic data is good, it means that the United States is doing well, which will be good for the dollar and will be suppressed at the same time.

    On the contrary, if the U.S. economy is not good, it will boost ***, and the ***** will rise across the board.

    3. War or tense geopolitical situation: Any war or turbulence of the political situation will have an impact on the copper in a short period of time, and the impact on copper is the same.

    4. Supply and demand: When the supply of copper exceeds demand, the **** of copper, and vice versa. At the same time, it will in turn affect supply and demand, that is, when the demand increases, the demand decreases, and vice versa, the demand rises and the supply decreases, so the supply and demand affect each other.

    5. Industrial demand: copper is an important industrial raw material, and its demand is closely related to the economic situation. When the economy grows, the demand for copper increases, which leads to the rise of copper prices, and when the economy is depressed, the demand for copper shrinks, which leads to the price of copper**.

    When analyzing the macroeconomy, two indicators are important, one is the rate of economic growth, or the rate of GDP growth, and the other is the rate of growth of industrial production.

    6. The impact of the policy: the import and export policy, especially the tariff policy, is an important means to balance the domestic supply and demand situation by adjusting the import and export costs of commodities to control the import and export volume of a commodity. Since January 1, 2008, China has implemented zero tariff on copper imports, and the import and export tax rates have been reduced.

  2. Anonymous users2024-02-09

    supply and demand relations, macroeconomics, exchange rate fluctuations, production costs. All of these aspects have an impact.

  3. Anonymous users2024-02-08

    For example, before 2000, the United States was the world's largest copper consumer, and the U.S. economy had a significant impact on copper. After China's reform and opening up, China's copper use is increasing, and China's GDP and copper trends have a high degree of correlation.

    If you need copper, the last 10 years, specific ** influencing factors, you can find me to send you.

    Copper** is the main influencing factor.

  4. Anonymous users2024-02-07

    First, supply and demand.

    According to the principles of microeconomics, when a commodity exceeds demand, it is the opposite. At the same time, it will affect supply and demand. That is to say, when ****, the supply increases and the demand decreases, on the contrary, the demand rises and the supply decreases.

    This basic principle fully reflects the intrinsic relationship between supply and demand.

    Inventory changes are the dominant factor in understanding copper, and the main exchanges that have an impact on the market are the Shanghai Stock Exchange (SHFE), the London Metal Exchange (LME) and the New York Mercantile Exchange (COMEX).

    Second, macroeconomics.

    Copper is an important industrial base raw material, and its demand changes are closely related to economic growth. When the economy grows, the demand for copper increases, and the price of copper **, and when the economy is sluggish, the demand for copper shrinks, and the price of copper **. Often, the market uses the rate of economic growth and the growth rate of industrial production (value added) and related monetary and industrial policies as important analytical bases for the analysis of changes in the macroeconomic situation.

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