Copper Prices Fell To The Lowest Point Since February Last Year, A Short Time Or Retracement But Difficult To Suppress The Downward Trend

copper-price

The impact of falling copper prices

By the dual impact of macro factors and fundamental weakness, global copper prices have recently begun to fall sharply. since July 1, copper has fallen below $8,000 per ton for three consecutive trading days, coming to the lowest level since February 2021. Domestic copper main futures have now fallen to about 61,000 yuan/ton, again the lowest level since February 2021.

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