Wedoany.com Report on Feb 10th, Japan's JX Metals announced that it will lower the price of electrolytic copper by 70,000 yen per ton. The adjusted price is 2.1 million yen, which is lower than the average price level in February. This price adjustment primarily reflects the combined impact of recent fluctuations in international copper prices and changes in the yen exchange rate.

Copper prices on the London Metal Exchange (LME) showed weakness during the period from the 4th to the 5th. Despite a rapid surge on the 3rd due to market expectations of recovering demand in China, the upward momentum failed to sustain, and prices have retreated to previous levels. Meanwhile, LME copper inventories, an important indicator reflecting supply and demand conditions, have shown an upward trend, exerting further pressure on copper prices.

Electrolytic copper, a key raw material widely used in electrical, construction, and manufacturing industries, is influenced by multiple factors including the global economic situation, supply-demand dynamics, and financial market fluctuations. In recent international markets, copper prices have fluctuated repeatedly between macroeconomic sentiment and fundamental factors. JX Metals' price adjustment is a real-time response to the current market environment.

Analysis points out that the future direction of copper prices still requires observation of industrial activity performance in major global economies, monetary policy movements, and inventory changes. Market participants generally focus on whether demand can provide sustained support for copper prices and whether new changes will emerge on the supply side. JX Metals stated that it will continue to closely monitor market dynamics and flexibly respond to price fluctuations.