Goldman Sachs mentioned in a report that the copper price is expected to increase the proportion of copper prices that China ’s real estate industry that relaxes the epidemic to prevent and control and stabilizes the crisis may bring further pressure on the global copper market with insufficient supply.
According to Bloomberg, the target price of copper 3/6/12 months is adjusted to 9500/10000/11000 USD (12913/13592/14951) per ton.The average price forecast of the US dollar in 2023 was adjusted from $ 8325 to $ 9750
Analysts wrote in the report that in 2023, copper prices will face a unique start environment, and China's copper inventory will be almost completely exhausted.
Goldman Sachs reversed the prediction of the global copper supply next year, and believed that the weakness of the copper market that was generally expected failed.And with the slow recovery of growth, Chinese buyers have begun to replenish the risk of replenishment.
