What does the factor that affects copper product price have

Because of the state of production in the producing country. Chile is the richest copper resource and the world's largest copper exporter. Zambia and Zaire in central Africa are also important copper producers. They produce almost all of the copper for export, and their production situation has a great impact on the international copper market. Political instability in the three countries, as well as frequent Labour unrest, has also had a direct impact on copper prices.

Seasonal effects. The seasonal fluctuation of copper price is obvious, with a low in January and a high in August.The influence of industrial policy. Because copper is mainly used in the electrical, electronics, construction, machinery and transportation industries, the state's industrial policies for these industries have a greater impact on copper prices.

The price of alternatives. In the telecommunication industry, copper has always been an important raw material, but due to the promotion and application of optical fiber technology, the status of copper is challenged. At the same time, aluminum and other metal materials have the same properties with copper, and also replace copper in most fields of use.

Inventory impact. Inventory is one of the important factors affecting copper price.The impact of other policies and regulations. As the copper market is an international market with a large volume of international trade, changes in the import and export policies of relevant countries, exchange rate system, and efforts to combat smuggling will also have an impact on the copper price.