On September 17, CHINFMINING fell 3.01% in regular trading, trading at HK$15.23, with turnover of HK$27.24 million. The stock has now recorded a fifth consecutive session of declines amid broad copper sector weakness.
On the macro front, LME three-month copper recently dropped to 13,958 USD/ton, breaching the 14,000 mark for the first time since August 20. US 10-year Treasury yields surged to 5.02%, the highest since 2007, reinforcing expectations of a September Fed rate hike, with CME FedWatch pricing in an 87.3% probability of a 25bp increase. The stalled White House decision on refined copper tariffs further deflated the prior cross-Atlantic arbitrage premium that had supported copper prices, triggering concentrated unwinding of speculative long positions.
Within the Copper sector, the overall sector posted broad declines. Among individual stocks, JIANGXI COPPER down 2.02%, JINXUN RESOURCE down 2.76%, CDAYENONFER down 4.38%, JINCHUAN INTL flat, CMRU flat.
(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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