Parameter Specification:

Color: Silver
Male/Female: Female
Produce Size: L:15.9 W1:7.8 W2:5.9 T:0.4(mm)
Factors Affecting Copper Spot Price

a. International economic situation. The correlation between the dity market and the economic situation is obvious, especially as the world economy is becoming increasingly globalized today, and the commodity market and the economy have more correlations. Therefore, the price of copper is closely related to the economic situation. Copper consumption is mainly concentrated in developed industrial countries. The economic conditions of these countries such as the United States, Japan, and Western Europe have a greater impact on copper prices. Generally speaking, if the economic situation is good, the demand for copper increases and the price rises, and vice versa.

b. The production status of the producing country. Chile is the richest copper resource and the world’s largest copper exporter. Zambia and Zaire in central Africa are also important copper producing countries. Almost all of the copper they produce is used for export. Their production status has a great impact on the international copper market. . The governance situation in these three countries has been unstable, and labor disputes have often occurred, which also has a direct impact on copper prices.

c. Seasonal impact. The seasonal fluctuations of copper prices are more pronounced, with a trough in January and a high price in August.

d. The influence of industry policy. Since copper is mainly used in the electrical, electronic, construction, machinery and transportation industries, the country’s industrial policies for these industries have a more important impact on copper prices.

e. The price of substitutes. In the telecommunications industry, copper has always been an important raw material, but due to the promotion and application of optical fiber technology, it has challenged the status of copper. At the same time, aluminum and other metal materials have the same properties as copper, and have replaced copper in most areas of use. .

f. The impact of inventory. Inventory is one of the important factors affecting copper prices. Under different market conditions, companies will take different measures to increase or decrease inventory. In order to ensure the production of raw materials or speed up the flow of funds, the throughput reserve will also be used at different periods to stabilize the copper market.

g. The influence of other policies and regulations. Since the copper market is an international market and the volume of international trade is very large, changes in factors such as increased import and export policies, exchange rate systems, and anti-smuggling efforts of relevant countries will also have an impact on copper prices