On September 15, CHINFMINING fell 3.41% in regular trading, trading at 15.29 HKD/share, with turnover of 114 million HKD. The stock has now posted four consecutive days of decline.
The selloff was driven by a broad copper sector rout following a sharp drop in LME copper prices. LME three-month copper fell 1.68% to $14,001/ton on September 14, dipping to an intraday low of $13,958/ton — its weakest level since August 20. Notably, the LME spot-to-three-month copper spread flipped from a premium of $545/ton in August to a discount of approximately $36–39/ton, signaling a significant easing of near-term supply tightness. Adding to bearish sentiment, reports emerged that the White House copper tariff plan had stalled, triggering a 5% plunge in COMEX copper futures earlier in the week.
Within the Copper sector, weakness was broad-based. CDAYENONFER fell 4.83%, JIANGXI COPPER dropped 3.13%, JINXUN RESOURCE declined 1.44%, while JINCHUAN INTL and CMRU were 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.)