On June 26, Jiangxi Copper fell 3.01% in regular trading, trading at HK$31.44/share, with turnover of HK$107 million, extending a steep multi-day decline in the copper sector.
The selloff reflects multiple bearish factors converging. China's real estate market has reached a long-term inflection point, weakening copper demand, while auto production and home appliance output have turned negative. Electrolytic copper rod weekly utilization stands at 67.35%, slipping marginally. On the supply side, the Panama Cobre copper mine final environmental audit showed an 88% compliance rate, raising restart probability and adding medium-term supply pressure. Meanwhile, the US Commerce Department is set to submit a copper market assessment by June 30, with expectations of phased 15% tariffs on refined copper from 2027, potentially reshaping global trade flows.
The broader non-ferrous metals sector has been under sustained pressure, with international gold breaking below $4,000/oz on June 25 and copper stocks broadly declining. Within the copper sector, CHINFMINING fell 2.51%, while JINXUN RESOURCE rose 5.66%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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