Galaxy Futures: Copper inventories remain high, risk appetite decreases, and short-term fluctuations and adjustments are the main focus

The copper market has recently been affected by geopolitical conflicts leading to a resurgence of global inflation, which has impacted the Federal Reserve’s rate cut pace and reduced risk appetite. Additionally, copper inventories are significantly higher than in previous years, putting some pressure on the market. In the short to medium term, the copper market is expected to fluctuate weakly, mainly undergoing consolidation and adjustment. (Galaxy Futures)