SunSirs: Copper prices remained volatile due to weak supply and demand
April 07 2022 13:16:54As shown in the figure above, copper prices rose slightly on the 6th, with the spot price of 73981.67 RMB/ton, up 0.42% from the previous day, 5.79% from the beginning of the year and 10.2% year-on-year.
Last week, copper stocks in Shanghai fell, and the epidemic caused logistics obstruction and import and export dilemma. With the full closure of Shanghai and the impact of the epidemic overflow, the control of the surrounding main areas of copper processing has been tightened, and the output has decreased. There is a shortage of raw materials in the downstream, and the terminal demand has not improved. The domestic epidemic is still spreading, supply and demand are weak, and copper prices remain high and volatile in the short term.
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