In 2019, the nonferrous metal industry as a whole showed a volatile trend

In 2019, the nonferrous metal industry as a whole showed a volatile trend
.
The first half of the year continued the decline since September 2017, bottomed out after reaching a two-year low on July 10, and then pulled back again two months later into a narrow range shock period
.
Among them, the three commodities of heavy rare earths, the nonferrous metal industry, rose the most, and copper walked out of the independent market
.

In 2019, the domestic copper market showed a trend
of first rising and then falling and then oscillating upward.
Looking at the trend of copper throughout the year, copper is in a small fluctuation and tepid trend throughout the year, the highest price of the year was 50213 yuan / ton on March 21, and the lowest point was 45888.
33 yuan / ton on July 10, with a shock of 9.
4%, less than 10%, and the overall price fluctuation was small
.

In 2019, the overall net import and output of copper increased compared with 2018, but the apparent consumption declined, and copper prices were difficult to improve
.

In terms of copper fundamentals, copper mine interference is frequent, and the downstream operating rate is acceptable, but dragged down by the economic depression, the annual shock of copper prices does not exceed 10%.

In 2020, the global economy is still in a downward cycle, still facing weak economic growth, copper mine interference has never stopped, it is expected that copper prices may continue the trend of 2019, rising in the spring, falling during the depression, and the rest of the time is dominated by narrow
shocks.