Group 1 - Copper prices have been under pressure, with a significant drop of 2.34% and a brief fall below the 100,000 yuan mark, attributed to seasonal demand weakness and rising global visible inventories [1] - The recent volatility in global financial markets, including a sharp decline in US tech stocks and a sell-off in cryptocurrencies, has negatively impacted market sentiment, affecting copper prices [1] - The arbitrage window between US copper and LME copper has closed due to a negative price differential, while LME copper inventories have increased to 160,625 tons, the highest level since late February of the previous year [1] Group 2 - The job market contraction in the US, with January private sector layoffs exceeding expectations, may impact consumer spending and economic growth, leading to further downward pressure on copper prices [2] - The large-scale sell-off of silver by the world's largest silver leveraged ETF has added significant selling pressure to an already crowded market, affecting LME copper prices [2] - Domestic consumption in traditional industries remains sluggish, and with low inventory levels in non-US regions, copper prices are expected to continue adjusting in the short term [2]
风险偏好仍然不佳 沪铜承压运行【2月6日SHFE市场收盘评论】
Wen Hua Cai Jing·2026-02-06 08:15