Copper prices may maintain range fluctuations after the Fed's first rate cut

According to Jinshi data, industry insiders pointed out that the Federal Reserve started its first interest rate cut this year at the latest interest rate agenda meeting, which is in line with market expectations. The short-term market is in a state of long-term positives, and copper prices may maintain range fluctuations. At present, the macro and industrial levels still have support for copper prices. In the long run, copper prices are greatly affected by mineral end factors and have upward potential. We need to pay attention to changes in the supply and demand pattern and the impact of global economic situation on copper demand.