Movement Alert|China Nonferrous Mining Falls 3.27% in Regular Trading, Fed Rate Hike Expectations Suppress Copper Prices Amid Broad Sector Weakness

Market Focus
05/27

On May 27, China Nonferrous Mining fell 3.27% in regular trading, trading at 14.23 HKD/share, with trading volume of HKD 103 million, giving back gains from the prior session's rebound.

On the news front, a latest weekly report noted that the probability of a Fed 25-basis-point rate hike in December has risen to 42.5%, with persistent tightening expectations continuing to cap copper price upside. Copper prices are expected to remain range-bound at elevated levels in the near term. On the demand side, electrolytic copper rod weekly utilization fell 1.54 percentage points week-over-week, signaling soft short-term demand.

Within the Copper sector, the overall tone was weak. Among individual stocks, China Daye Nonferrous Metals down 3.85%, Jiangxi Copper down 3.39%, Jinxun Resource down 0.30%, Jinchuan International flat, CMRU flat, reflecting a broad-based decline across 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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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