Movement Alert|Jiangxi Copper Falls 3.17% in Regular Trading, Rising Fed Rate Hike Expectations and Weak Demand Weigh on Copper Sector

Market Focus05-27

On May 27, Jiangxi Copper fell 3.17% in regular trading, trading at HK$36.0/share, with trading volume of approximately HK$69.23 million.

On the news front, Fed rate hike expectations continue to intensify, with the CME FedWatch Tool showing the probability of a 25-basis-point hike in December rising to 42.5%, up from 39.1% the prior week, strengthening USD asset appeal and suppressing copper prices. Institutions noted that copper inventories across three major global exchanges remain elevated, with downstream procurement limited to just-in-need restocking, keeping copper prices in a high-level consolidation pattern.

Within the Copper sector, the overall segment traded weaker. Among peers, China Daye Nonferrous Metals fell 2.88%, China Nonferrous Mining fell 1.23%, while Jinxun Resource rose 1.98%, and Jinchuan International held flat. Sector linkage effects persisted as macroeconomic headwinds continued to cap upside potential for copper-related equities.

(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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