Factors affecting the price of copper
a. the international economic situation. Commodity markets and the economic situation of the relevant point is obvious,
especially in today's increasingly globalized world economy, commodity markets and the economy have more relevance, so the
price of copper is closely related with the economic situation. Copper consumption concentrated in the developed industrial
countries, these countries such as USA, Japan, Western Europe, economic conditions in countries such as greater impact on
copper prices, in general, the economic situation, increased demand for copper, the price rise, and vice versa down.
b. producing countries, production status. Chile is the most abundant copper resources and the world's largest exporter of
copper, Zambia and Zaire in Central Africa is an important copper producer in the country, almost all the copper they produce
for export, production status of their great influence on the international copper market . The situation in these three
countries has been very stable government, labor disputes are often made, it is also a direct impact on copper prices.
c. seasonal effects. Seasonal fluctuations in copper prices more apparent in January each year for the nadir in August record
d. the impact of industrial policy. Because copper is mainly used in electrical, electronics, construction, machinery and
transport, the country's industrial policy for these sectors have a more significant impact on copper prices.
e. the price of substitutes. In the telecommunications industry, copper has been an important 原料, but optical fiber Jishu
the popularization and application, the status of copper challenge the same time, aluminum and other metal materials and Tong
has the same properties, mostly used in place of the copper sector, a .
f. the impact of inventory. Inventory is one of the important factors affecting copper. Enterprises in different market
conditions will take different measures to increase or decrease in inventory. To ensure the production of raw materials or to
speed up cash flow, will be used at different times throughput reserves to stabilize the copper market.
g. other policies, laws and regulations of. As the copper market is an international market, international trade is big, so
an increase in the country's import and export policies, exchange rate system, anti-smuggling efforts and other factors
change, will have an impact on copper prices.