The hottest international copper price fell to a f

The international copper price fell to a four week low, pressured by the jump in inventory

copper prices fell by up to 3% to a four week low on Monday (December 19), as inventories recorded the largest one-day increase in 15 years. Lead and zinc futures fell by more than 5% due to excessive increases before the market bet

according to the data of the exchange, the copper inventory in the registered warehouse of the London Metal Exchange (LME) increased by 38400 tons last Friday, the largest one-day increase since July 2001. Inventory reached the highest level in about two months

according to the data of the exchange, the copper inventory in the registered warehouse of the London Metal Exchange (LME) increased by 38400 tons last Friday, the largest one-day increase since July 2001. Inventory reached the highest level in about two months

inventory increased by 62% from the low level in early December

three months in order to avoid sliding during the experiment, the copper of the month ended down by 2.5%, reporting $5495 per ton for nuts), ramps, eccentrics, levers, etc., and fell to $5459 per ton during the session. After repeated research and development, the price last month hit a 17 month high of $6045.50, but the copper of the month has been sold off since then

Robin BHAR, an analyst at Societe Generale (601166, Guba), said, "profit taking is the main trend now. The physical market at the end of the year is more quiet than usual, which can be seen from the strong growth of inventories, especially copper. Considering the rise in November, some price adjustments are logical, and the price is still relatively high compared with the fundamentals of supply and demand."

data from the US Commodity Futures Trading Commission showed that as of last Tuesday, hedge funds and currency managers had increased their long positions in copper futures and options to record highs for the sixth consecutive week

lme zinc fell the most among base metals today, as low as US $2576 per ton, closing down 4.5% to US $2608 per ton; Lead futures closed down 3, indicating constant temperature time 4% to $2169 per ton, off the low of $2130

zinc and lead are the two metals with the best performance this year. The price of zinc soared by 65% and the price of lead soared by nearly 25%. Analysts said that this led to market concerns about excessive increases

futures aluminum fell 0.3% to US $1712 per ton; Nickel futures fell 2.6% to $10880; Tin futures fell 0.1% to US $21200 per ton