JPMorgan Chase analysts have a bearish view on copper prices
2021-10-14 08:00:36
ameiz_admin
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Foreign media news on October 13th:
JPMorgan Chase analysts have a bearish view on copper prices, predicting that the average price in the fourth quarter of 2021 will be US$8,900/ton, and will fall to an average of US$8,200/ton in the fourth quarter of 2022 level.
The investment bank analyst said that copper prices are still facing upside risks in the short term, because the logistics bottleneck has caused copper inventories in consumer countries to drop to "historical lows."
On Wednesday, three-month copper on the London Metal Exchange rose 2.2% to $9,673 per ton.