Factors affecting copper prices include supply, demand, spot sales of commodities, market pressure, and current inventory levels.
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.