Analysis of copper price trend today

The last trading day of LME copper opened at $ 6186 / ton, the highest reached $ 6,220 / ton, the lowest fell to $ 6096 / ton, and closed at $ 6,218 / ton. It rose 0.50% during the day, and the transaction volume decreased. It increased by 2340 to 313,000 lots. the latest LME copper inventory was 15,750 tons, which was 3325 less than the previous day's inventory.
In the short term, the copper price may not have huge factor to change. In the long run, the global economy is gradually improving, and the positive factors of the terminal industry are accumulating. At the same time, the supply of scrap copper is tightening, and the copper prices is expected to rise.

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