The Fed's May meeting notes that copper prices have fallen significantly, will there still be opportunities to rise in the future?

Gold Ten Futures, May 24th, South China Futures said, < b > Recently, copper prices have risen sharply, mainly driven by sentiment . On May 14th, the trading volume of COMEX copper active contracts reached 250,000 lots, compared with less than 100,000 lots in the previous trading day, and the recent trading volume has fluctuated greatly. In addition, the low inventory problem of COMEX is difficult to solve in the short term. The fastest way to solve this problem is to transport the LME's inventory to COMEX, while the LME's inventory in the United States is only 7575 tons. The shipping time from Europe, South America and Asia to the United States varies from 5 to 10 days. It takes 10 to 15 days to stack the customs declaration and warehousing time. In addition, there are less than 50 COMEX copper deliverable brands, none of which are Chinese brands, and the number of COMEX copper deliverables in the LME warehouse will be greatly reduced. Therefore, on the whole, < b > the problems faced by COMEX copper cannot be solved in the short term, and copper prices may continue to maintain an upward trend .