Movement Alert|Jiangxi Copper Falls 3.03% in Regular Trading, Fed Rate Hike Expectations and Weak Demand Continue to Pressure Copper Sector

Market Focus05-28

On May 28, Jiangxi Copper fell 3.03% in regular trading, trading at HK$34.54/share, with trading volume of approximately HK$85.88 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%, strengthening US dollar asset appeal and persistently suppressing copper prices. Institutions note that copper inventories across the three major global exchanges remain elevated, with downstream procurement limited to rigid restocking needs, keeping copper prices in a high-level consolidation pattern in the near term.

The broader copper sector weakened significantly, with peers Jinxun Resource down 6.86%, China Nonferrous Mining down 4.61%, and China Daye Nonferrous Metals down 4.08%, reflecting continued sector-wide linkage effects. The stock has declined for three consecutive sessions, falling from HK$36.46 on May 22 as macro headwinds and subdued demand weigh on the sector.

(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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