On the 1st, the price of copper fell slightly, and the spot price was 71251.67 yuan/ton, down 0.56% from the previous day. The U.S. dollar rose to its biggest gain in five months, and the London copper closed down $96 every other week. China's October manufacturing PMI fell short of expectations, and consumer demand in the middle and lower reaches was still weak. Copper concentrate is about to start long-term negotiations, short-term supply of recycled copper is abundant, and domestic inventory warehouse receipts are stable. The copper price was weak and fluctuated mainly.
Related listed companies: Jiangxi Copper (600362), Tongling Nonferrous Metals (000630), Yunnan Copper (000878).
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